BlackBerry (BBRY) to Close Ottawa Production Facility
Tweet
Share
E-mailGet Alerts BBRY Hot Sheet
Join SI Premium – FREE
BlackBerry (Nasdaq: BBRY) is lower Tuesday amid news it will shutter one of its key production facilities.
CBC.ca said that BlackBerry will close its Ottawa Product Development Centre hardware group, which will cost about 120 jobs. The move is part of a series of layoffs, aimed at cutting the company's workforce by about 40 percent. Those cuts are expected to end in May 2014, having been announced last September.
CBC.ca said that BlackBerry will close its Ottawa Product Development Centre hardware group, which will cost about 120 jobs. The move is part of a series of layoffs, aimed at cutting the company's workforce by about 40 percent. Those cuts are expected to end in May 2014, having been announced last September.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- CalPrivate Bank names Andra Frazier as chief credit officer
- BD names Gary Sorsher as chief quality officer, replacing retiree
- NASA awards Firefly Aerospace spacecraft processing contract at Vandenberg
Create E-mail Alert Related Categories
Corporate News, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
