PMC-Sierra announced a corporate restructuring that include the closure of two of PMC-Sierra's R&D centers in Winnipeg, Manitoba and Saskatoon, Saskatchewan. The total work force reduction under this restructuring is expected to be approximately 175 positions across the organization. PMC-Sierra currently has 1,183 employees worldwide. The restructuring will begin immediately and is expected to be substantially complete by the end of the third quarter of 2007.Overall, the company expects the restructuring will reduce on-going annualized operating...