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Aviat Networks Inc announces restructuring plan


Wednesday, 29 Jan 2014 05:35pm EST 

Aviat Networks Inc:Says that it is immediately implementing a restructuring plan to reduce costs and expenses in light of the current operating environment.Says restructuring program includes realignment of the product development organization, realignment of the product development organization, lowering operations and services overhead and increasing use of outsourcing to reduce fixed costs and enhance flexibility.Says it expects to incur about $6 mln to $7 mln of cash payments related with these cost reduction initiatives for severance and employee-related cash charges. 

Company Quote

1.52
0.01 +0.66%
24 Dec 2014