JDS Uniphase Initiates Business Transformation Strategy

    April 21, 2005

JDS Uniphase announced a key milestone in its transformative business strategy to achieve profitability and increase corporate agility by reducing cost structure and eliminating non-core products.

Specifically, the Company will:

  • Consolidate its Ewing, New Jersey and Melbourne, Florida manufacturing to its Shenzhen, China facility and to the facilities of two contract manufacturing partners
  • Transfer its Ewing and Mountain Lakes, New Jersey manufacturing facilities to Fabrinet, a key manufacturing partner
  • Reduce manufacturing in Santa Rosa, California associated with the phasing out of certain display products including high-volume consumer light engines and coated micro display windows.
  • “These initiatives are part of a multi-quarter business transformation strategy for JDS Uniphase to achieve profitability by reducing cost structure and improving corporate agility,” said President and CEO Kevin Kennedy. “We firmly believe that our ability to restructure major operations and rationalize our current portfolio, while investing in next-generation products, positions JDS Uniphase for success and differentiates us from the competition.”

    The facility transfers to Fabrinet are expected to be completed by the end of the current quarter, ending June 30, 2005, while the remaining actions are expected to be completed by the end of the second quarter of fiscal 2006, ending December 31, 2005.

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