ECI Telecom: The company is adjusting its expenses structure

to the state of the global telecommunications market.

Telecommunications equipment manufacturer ECI Telecom, controlled by Shaul Shani, is believed to be about to make another round of layoffs, affecting about 300 employees in Israel. This represents about a quarter of the company’s Israeli workforce.

ECI stated in response, “As part of ECI’s recovery program, the company is adjusting its expenses structure to the state of the global telecommunications market. The downsizing process arises from strategic changes and from the entry of the company into new fields. ECI is at the same time hiring workers in the development area.”