[BC] Harris Corp. Seeks Cuts in Transmitter Business
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N0JAA
Fri Feb 2 14:07:45 CST 2007
floridatoday.com
February 2, 2007
Harris Corp. seeks cuts in transmitter business
BY SCOTT BLAKE
FLORIDA TODAY
Harris Corp. said Thursday it is taking cost-cutting steps in its Broadcast
Communications Division, citing the weak performance of its radio and
television transmitter business.
Harris plans to incur $5 million worth of "severance and facility exit costs"
in the first half of this year, which will result in cost savings of about
$10 million during the company's next fiscal year, which begins July 1, Harris
spokesman Brent Dietz said.
The company said the cost reductions will be in the form of "severance and
facility exit costs." But company officials would not elaborate on whether it
would involve layoffs and closing facilities, except to say that the cutbacks
will not directly affect the company's Brevard County operations.
The company's Broadcast Communications Division is based in Mason, Ohio,. and
employs about 2,300.
"Decisions on which Broadcast Communications Division locations will be
impacted by cost reductions have not been disclosed," Dietz said in a statement.
"However, the actions will address radio and TV transmitter manufacturing and
the division's supply chain and support functions."
Harris employs about 6,450 people in Brevard.
Contact Blake at 242-3644 or _sblake at floridatoday.com_
(mailto:sblake at floridatoday.com) .
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