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© pinonsky-dreamstime.com Electronics Production | October 15, 2013

FLIR to close down six sites

FLIR Systems is realigning multiple production and engineering organisations and streamlining its global operations.
The realignment includes closing up to six not-to-scale sites in the United States and Europe and a proposed transfer of those operations to larger FLIR facilities. The company also intends to consolidate its optics and laser manufacturing businesses to better realise the benefits of vertical integration in these areas.

The management expects savings from these actions to exceed USD 20 million per year when fully implemented. FLIR expects to record a pre-tax restructuring charge of approximately USD 27 million to USD 30 million in the fourth quarter of 2013 related to these and additional cost reduction measures.

"The realignment of operations announced today is the culmination of a strategic operations review we began this past summer to further enhance operating efficiency and profitability and to improve our internal execution with better communication, collaboration, and cooperation across the company," said Andy Teich, President and CEO of FLIR.

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