form8-k.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): November 27, 2007

Plantronics, Inc.

(Exact name of Registrant as Specified in its Charter)

Delaware	1-12696	77-0207692
(State or Other Jurisdiction of Incorporation)	(Commission file number)	(I.R.S. Employer Identification Number)

345 Encinal Street

Santa Cruz, California 95060

(Address of Principal Executive Offices including Zip Code)

(Registrant's Telephone Number, Including Area Code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

On November 28, 2007, Plantronics, Inc. (the “Company”) issued a press release addressing the consolidation of its manufacturing operations that includes an estimate of the impact to certain items of its previously provided earnings guidance for the third quarter of fiscal 2008. A copy of the press release, dated as of November 28, 2007, is furnished as Exhibit 99.1 to this Current Report and is incorporated in this Item 2.02 by reference. The press release is furnished and shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities thereof nor shall it be deemed to be incorporated by reference in any filing under the Exchange Act or under the Securities Act of 1933, as amended, except to the extent specifically provided in any such filing.

Item 2.05. Costs associated with Exit or Disposal Activities

On November 27, 2007, the Board of Directors and executive management of the Company approved a plan to close and/or consolidate a number of facilities that perform functions for its Audio Entertainment Group (“AEG”) as part of a strategic initiative to lower costs. Specifically, the Company plans to close AEG’s manufacturing facility in Dongguan, China; shut down a related Hong Kong research and development, sales and procurement office; and consolidate procurement, research and development activities for AEG in a new Shenzhen, China site. The selling, general and administrative functions of AEG will also be consolidated with those of the Company’s Audio Communication Group through-out the Asia-Pacific region. These steps are part of a strategic initiative designed to reduce fixed costs by outsourcing AEG manufacturing to the network of qualified contract manufacturers it already has in place. Further information on a number of these actions including the costs and benefits related to the consolidation is set forth in the press release dated November 28, 2007, which is incorporated in this Item 2.05 by reference.

Item 9.01 Financial Statements and Exhibits.

The following exhibits are furnished as part of this report.

Exhibit Number

Description

99.1	Press release entitled “Plantronics to Consolidate Manufacturing Operations” dated November 28, 2007.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	PLANTRONICS, INC.

Date: November 28, 2007	By:	/s/ Barbara Scherer
		Barbara Scherer
		Senior Vice President and Chief Financial Officer

Plantronics to Consolidate Manufacturing Operations

Cost Structure to Improve in Audio Entertainment Group (Altec Lansing)

FOR INFORMATION, CONTACT:

Greg Klaben

Vice President of Investor Relations

(831) 458-7533

FOR RELEASE 8:35AM EST

November 28, 2007

SANTA CRUZ, CA - November 28, 2007 – Plantronics, Inc., (NYSE: PLT) today announced that its Board of Directors and executive management approved a plan to close and/or consolidate a number of facilities that perform functions for its Audio Entertainment Group (AEG) as part of a strategic initiative to lower costs. AEG designs, makes and sells computer and home entertainment sound systems, and a line of headphones and microphones for personal digital media under the Altec Lansing and inMotion brands.

Specifically, Plantronics plans to close AEG’s manufacturing facility in Dongguan, China; shut down a related Hong Kong research and development, sales and procurement office; and consolidate procurement, research and development activities for AEG in a new Shenzhen, China site. The selling, general and administrative functions of AEG will also be consolidated with those of Plantronics Audio Communication Group through-out the Asia-Pacific region. These steps are part of a strategic initiative designed to reduce fixed costs by outsourcing AEG manufacturing to the network of qualified contract manufacturers it already has in place.

These actions will eventually result in the elimination of all manufacturing operations positions in Dongguan, China and certain related support functions. The plan will proceed in phases and is expected to be complete by March 2008. As a result, we currently expect cost savings of approximately $3 million in FY09 and $4 million in FY10.

We currently estimate that we will incur total costs and charges of approximately $4 to $4.5 million in connection with this consolidation plan. Of this total, we currently estimate that approximately $3.7 million, or $0.07 per share, will be incurred over the balance of the current fiscal year which ends in March 2008. For the quarter ending December 31, 2007, we currently estimate that we will incur approximately $2.8 million. No tax benefit is currently expected to be associated with these charges and they are expected to reduce GAAP EPS by $0.06 per share in the third quarter in comparison to the previously provided guidance in our press release dated October 23, 2007.

The preliminary estimates of the total costs and charges of $4 to $4.5 million in connection with this consolidation plan consist of approximately $2.2 million in non-cash charges for accelerated depreciation and fixed asset write-offs, and the balance in cash charges for severance and other non-recurring costs associated with the plan.

We believe we will recover the costs associated with this plan through reduced future expenses within two calendar years, and that the net present value of the cash flows associated with the plan is positive in comparison to the alternative of continuing with the current cost structure.

SAFEHARBOR

This release contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include the Company’s expectations regarding the occurrence or timing and amount of completion of any of the restructuring and other actions and activities described in this press release and the financial impact that such actions may have. There is a risk that restructuring may cost more than we currently expect. There is also a risk that the savings that we currently predict may not materialize and that the timing of costs and benefits may be different than what we currently expect. If the cost of restructuring is more than we currently anticipate or the savings that we currently anticipate from these consolidation activities do not materialize, this may adversely affect our future financial results.

For more information concerning these and other possible risks, please refer to the Company's Annual Report on Form 10-K filed May 29, 2007, quarterly reports filed on Form 10-Q and other filings with the Securities and Exchange Commission as well as recent press releases. These filings can be accessed over the Internet at http://www.sec.gov/edgar/searchedgar/companysearch.html

About Plantronics

In 1969, a Plantronics headset carried the historic first words from the moon: “That’s one small step for man, one giant leap for mankind.” Since then, Plantronics has become the headset of choice for mission-critical applications such as air traffic control, 911 dispatch, and the New York Stock Exchange. Today, this history of Sound Innovation^® is the basis for every product we build for the office, contact center, personal mobile, entertainment and residential markets. The Plantronics family of brands includes Plantronics, Altec Lansing, Clarity, and Volume Logic. For more information, go to www.plantronics.com or call (800) 544-4660.

Altec Lansing, Clarity, inMotion, Plantronics, and Sound Innovation, are trademarks or registered trademarks of Plantronics, Inc.

PLANTRONICS, INC. / 345 Encinal Street / P.O. Box 1802 / Santa Cruz, California 95061-1802

831-426-6060 / Fax 831-426-6098

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