N@N

Harman International Consolidates Consumer Audio Operations

  //house-home.news-articles.net/content/2009/01/1 .. onal-consolidates-consumer-audio-operations.html
  Published in House and Home on Wednesday, January 14th 2009 at 13:27 GMT, Last Modified on 2009-01-14 13:28:26 by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

STAMFORD, Conn.--([ BUSINESS WIRE ])--Harman International Industries, Incorporated (NYSE: HAR) announced today that it will be consolidating most functions now based in its Woodbury, New York offices into Harman's existing facility in Northridge, California, including sales, marketing, and administration. As a result, Harman will be closing its Consumer Audio facility in Woodbury by June 30, 2009. The action, which will affect about 130 employees and some 47,500 sq. ft. of leased office space, supports an ongoing strategy to strengthen the Company's key businesses through resource consolidations. A limited number of employees will be offered relocation.

"This action continues our long-term strategy to strengthen our core businesses and optimize our resource footprint for a sustainable and profitable future," said Dinesh C. Paliwal, Harman's Chairman and CEO. "We remain committed to the needs of our Consumer Audio customers and look forward to serving them from an integrated Harman International facility in Northridge, California which has hosted elements of our Automotive and Professional businesses for many years."

Harman International ([ www.harman.com ]) designs, manufactures and markets a wide range of audio and infotainment products for the automotive, consumer and professional markets. The Company maintains a strong presence in the Americas, Europe and Asia and employs about 12,000 people worldwide. The Harman International family of brands spans some 15 leading names including AKG, Audioaccess, Becker, BSS, Crown, dbx, DigiTech, Harman Kardon, Infinity, JBL, Lexicon, Mark Levinson, Revel, QNX, Soundcraft and Studer. The Company's stock is traded on the New York Stock Exchange under the Symbol HAR.