The Tribune Democrat, Johnstown, PA


April 14, 2014

CTC restructuring means job cuts

JOHNSTOWN — A company-wide restructuring at Concurrent Technologies Corporation has prompted the company to cut 23 employees from its workforce nationwide, CTC officials said.

CTC’s president, CEO Edward Sheehan Jr., said the restructuring will put the company’s research and development work into three categories: engineering, technology and services - a move meant to allow CTC to provide more focused, competitive offerings to clients during tough times for defense firms nationwide.

“These decisions are always difficult,” Sheehan said of the job cuts, adding that the employees will receive severance compensation. “And we remain appreciative of the contributions those employees have made to CTC’s success.”

It was not known Monday how many of the 23 job cuts - if any - were made at it’s Richland headquarters, the company’s largest location.

The nonprofit defense and technology firm employs approximately 1,000 at nearly 50 locations across the nation and globe.

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