Troubled telecom giant Marconi is selling its optical components arm in a £19m deal - and it could mean more job losses in Chelmsford.
Marconi is off-loading the division to Bookham Technology in return for a 9.9 per cent stake in the fibre optics group, valuing the deal at £19.7m.
The division, which makes optical components such as transmitters and lasers, is based in Caswell, Northamptonshire, but also has workers in Chelmsford and employs a total of 500 people.
But a spokesman for Marconi today said she could not yet comment on how many Chelmsford jobs would be affected.
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Published Monday December 17, 2001
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