Commscope Next News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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GREENSBORO –CommScope (Nasdaq: COMM) plans to permanently close a Greensboro facility before March 1, 2022, and will lay off employees beginning in June. Layoffs to occur throughout the planned shut down of the facility on Triad Drive. According to the required notice sent by the company to the North Carolina Department of Commerce under the Worker Adjustment and Retraining Notification (WARN) Act, a copy of which WRAL TechWire has obtained, eight employees will be laid off by June 30, 2021, and have already been notified of the company’s plans. The company will then layoff 10 employees i...

CommScope announced Thursday it will spin off its Home Networks business, one move among others in the works that are designed to reduce operating costs throughout the company. The move follows a recent wave of speculation that CommScope was preparing to make a big move centered on a struggling unit that makes set-tops and other types of consumer premises equipment (CPE). Among the possibilities included a sale, the formation of a joint venture or a transaction that would get the unit off the books. The third of those options is the one CommScope plans to take forward. The coming transactio...