Bose Corp. cuts jobs
FRAMINGHAM, Mass. (AP) - January 20, 2009 A spokeswoman said the job reductions would occur in "select areas, including manufacturing" and in the privately held company's Framingham, Masschusetts headquarters. She declined to
give other details.
The company began in 1964, when Amar Bose, then a professor of electrical engineering at the Massachusetts Institute of Technology, used a $10,000 bank loan to begin pursuing commercial
and military applications for acoustics technologies he developed at the university. The company became known for making radios and
noise-canceling headphones.
The company has an estimated $2 billion a year in sales.
