CTS restructures; Glasgow affected

This process has already started in Singapore and the company has entered into a period of consultation with employees at its operation located in Glasgow, Scotland. Additional optimizations are being evaluated along with the implementation of a leaner corporate cost structure. Kieran O’Sullivan, CEO, commented, “The measures announced today are part of a larger strategic evaluation initiated by the management team earlier this year. These initial actions will improve our manufacturing utilization, increase overall efficiency and better position the Company for more profitable future growth. We understand that these are very difficult actions for affected employees and their families and we are committed to assisting all impacted individuals.”