August 23, 2001 |
Tellabs Inc. said it's eliminating 1,000 jobs, or nearly 12% of its work force, and closing a plant in Ireland because of continued weak sales. The telecommunications equipment maker said about 700 of the jobs are in the United States, including about 350 at the company's Bolingbrook, Ill., manufacturing plant and Lisle, Ill., headquarters. Those cuts were effective immediately. An additional 156 jobs will be cut when the company closes its plant in Drogheda, Ireland, by the end of the year.