Glass and fiber optics maker Corning Inc. will lay off 825 workers at
photonics manufacturing facilities because of decreased demand from
the softened telecommunications industry. Corning said demand at its
optical fiber business has remained strong in the first quarter, and
is not affected by the layoffs. The facilities affected are in Benton
Park, Pa., and Erwin Park, N.Y. Softness in the telecom industry has
resulted in decreased demand for photonics products, which are used
to send telecom signals across fiber optic lines, Corning said. On
Feb. 16, Corning lowered its forecast for photonics revenue growth,
after leading telecommunications equipment maker Nortel Networks Inc.
warned of slower growth.
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