C-COR to Consolidate Operations
By Karen Brown -- Multichannel News, 1/4/2006 11:19:00 AM
C-COR Inc. announced that it is streamlining its corporate structure and manufacturing operations, resulting in about 225 pink slips issued by this summer.
As part of the process, the State College, Pa.-based provider of cable and network-systems gear is creating a new global-strategies group, and it tapped Mike Pohl to be its group president. Pohl has served as president of C-COR’s business-solutions unit.
The company is also creating a new operations group to oversee the supply chain of products shipped to customers. John Caezza, formerly president of the access and transport-business unit, will take over as the new group president there.
C-COR’s network-services group, meanwhile, will continue to operate as a stand-alone business unit under David Levitan.
In addition to the reorganization, C-COR will relocate some operations from its Wallingford, Conn., facility to its Tijuana, Mexico, facility, and it will shut down its Sunnyvale, Calif., plant.
The combined reorganization and plant consolidation will cut about 225 employees from the vendor’s work force, and it should be completed by June 30.
On the upside, C-COR expects to see operating expenses decline this year, with modest reductions expected in the third quarter and a greater operating-expense savings in the fourth quarter.
“These new group responsibilities, to be executed by some of the industry's most experienced executives, will allow us to more optimally focus resources on IP-oriented [Internet protocol] product lines already prioritized in our strategic business plan and on profitable growth opportunities," chairman and CEO Dave Woodle said.
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