This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:WebTech Wireless saves on 10% of jobs 2009-11-27 04:57 ET - News Release Mr. Eric Wilson reports WEBTECH WIRELESS ADOPTS COST SAVING MEASURES AND ANNOUNCES WORKFORCE REDUCTIONS WebTech Wireless Inc. has reduced its full-time work force by more than 10 per cent and adopted other cost-saving measures in an effort to lower its break-even point, enhance operational efficiency and ensure continued competitiveness. Anwar Sukkarie, president and chief executive officer of WebTech Wireless, said: "It's important to note that these changes are affecting only WebTech Wireless employees and not our Grey Island operations, where we are not making any changes. With the recently announced contract delays at WebTech Wireless, we needed to align our expenditures with the timing of the related revenues and this exercise is intended to achieve just that." The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. |
Top
Print this Page