Backhaul provider Aviat Networks, formerly known as Harris Stratex Networks, announced it will close its facility in Research Triangle Park, N.C., as part of cost cutting measures. In its fourth quarter earnings, Aviat said its sales were down sharply, and as a result the company fell short of its revenue outlook.
In the quarter, which ended July 2, Aviat reported losses of $88.8 million, compared with a loss of $3.4 million in the same quarter the previous year. Closing the RTP office is part of Aviat's plan to cut annual costs by between $30 million and $35 million.
Company spokeswoman Cindy Johnson said that 190 people work in the Research Triangle Park facility. Details are still being worked out, however most of the work at that facility will be shifted to San Antonio, Texas; Santa Clara, Calif.; Slovenia and New Zealand.
The action is another loss for technology hub Research Triangle Park, which late last year lost Sony Ericsson's headquarters when the company decided to shutter its North American office.
- see this release
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