CPI International, Incorporated (CPII)

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http://www.independentfreepress.com/news/article/47085

Tough economy forces CPI job cuts
Friday April 18 2008

Tough economic conditions and the high value of the Canadian dollar are being blamed for a reduction of staff last week at CPI in Georgetown.

CPI president Joe Caldarelli said the high Canadian dollar is making CPI's products "less attractive."

He would not say how many employees have lost their jobs, but that it was less than 30, and that they were a combination of full and part-time and casual staff.

Caldarelli said the employees were from various areas at the company located on River Dr.

He said the company had been adding staff for most of the past 10 years and couldn't recall the last time there had been layoffs. He stressed CPI had no plans for any further cuts.

CPI manufactures and markets microwave communication products, millimeter-wave products, and x-ray generators for medical imaging.