Beaverton, Oregon-based Tektronix Inc seems to have been in a state of permanent revolution for a decade now, and in yet further efforts to cut back on unprofitable operations, says it will reduce its work-force by another 800 over the next 12 to 18 months from its 9,840 total; Tektronix, which has cut about 1,500 […]
Beaverton, Oregon-based Tektronix Inc seems to have been in a state of permanent revolution for a decade now, and in yet further efforts to cut back on unprofitable operations, says it will reduce its work-force by another 800 over the next 12 to 18 months from its 9,840 total; Tektronix, which has cut about 1,500 jobs over 12 months and 4,200 over three years, called the latest restructuring an acceleration of its strategy to retire from unprofitable businesses, use its assets better and lower its cost structure; it now intends to focus resources on areas for profitable growth, such as colour-printing technologies, digital compression of video signals, video-signal networking and video production; the $150m restructuring charges taken against its year-end figures (page five) include a $65m pre-tax charge to cut components operations by placing its integrated circuits operation and hybrid circuits operation into a wholly-owned subsidiary called Tektronix Components Corp for which it intends to seek a strategic partner; the Forest Grove printed circuit board operation will become a separate unit, with the aim ultimately of establishing it as an independent company; it is not clear whether the X Window terminals remain strategic or not.
