Lisle, Illinois-based Tellabs had planned to consolidate its operations that are now located in Bedford and Burlington under one roof here. The company had also planned to more than double the number of its employees in this state to 300 over the next five years. There are currently 140 employees of Tellabs in this state and reportedly eight will lose their jobs in this latest wave of layoffs. There are no plans to hire additional employees at this time.
Tellabs is in the process of constructing its two office buildings here but plans to sublease the buildings when construction is completed later this year. The company also has offices in Cambridge, and Wilmington. In a released statement, the company states that it also plans to close a plant in Drogheda, Ireland and take a $50 million charge in the third quarter.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
