Company also looks to halt production overseas
Belden CDT recently announced that it will close some operations to cut costs as a result of the merger of Belden and CDT earlier this year. The company plans to close its Montrose cable operation in Auburn, Mass., which employs about 100 people, by early 2005. It will also close Barcel, a Irvine, Calif.-based subsidiary that supplies cable to the aerospace industry.
In addition, the company is in talks to close its plant in Skelmersdale, Lancashire, England, which employs about 220 people, and halt product of some products in the Netherlands. The company said the cash costs of the moves would total about $22 million, but would be “significantly offset” by selling factory equipment and liquidating working capital.