The move, it said, consolidates certain operations within its Electronics Group and will save the company money.
"Orbit is committed to both maximizing profitability and shareholder value," said Mitchell Binder, president and chief executive officer of Orbit International. "After careful analysis, we concluded that this course of action was both necessary and appropriate.
"Going forward, the ICS facility will be refocused on logistics and business development initiatives while preserving select production efforts. The annualized salary savings from this operational change are expected to be in excess of $550,000."
Under the consolidation plan, the production and administrative functions performed at the ICS facility in Louisville will be transferred to Orbit's 50,000-square-foot Tulip Development Laboratory facility in Quakertown, Pa.
The move begins Nov. 15 and is expected to be completed by year's end.
"We do not anticipate requiring additional employees at our TDL facility to support the ICS production effort," Binder said. "Our TDL facility is not currently operating at full capacity and this consolidation of operations with ICS is expected to improve the facility's utilization for 2013."
Remaining ICS functions in Louisville will be relocated to a smaller facility in 2014. The company leases a 23,000-square-foot facility in Louisville, with about half that space sublet to a third party.
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