Corning announces 825 job losses

17 Jun 2002

Telecoms industry downturn impacts photonics-device markets.

US photonics manufacturer, Corning, is to cut 825 employees from its Pennsylvania and New York production facilities. According to a company spokesperson, "The reductions are due to a softness in the telecommunications industry, which has led to a drop in demand for our products."

The company claims that its latest actions follow previous plans that indicated job losses in response to weak market conditions.

Corning's fiber-optics business has remained strong and is not affected by the job cuts.