AudioCodes (AUDC) Announces Cost Reduction Steps
Up)
AudioCodes (Nasdaq: AUDC) announced that, effective January 15 2009, AudioCodes will implement a global wage reduction of 6% for all employees and 10% for management employees. This reduction in costs is in addition to the ongoing cost reduction programs adopted by AudioCodes' management.
"The implementation of cost reduction steps and a wage cut by the Company is designed to allow us to strengthen our operational efficiency and to retain our competitiveness in the face of the current global economic crisis," said Shabtai Adlersberg, Chairman of the Board, President and Chief Executive Officer at AudioCodes. "We gratefully acknowledge the sincere and significant contribution of our employees towards achieving our goals," he added.
AudioCodes Ltd. provides innovative, reliable and cost-effective Voice over IP (VoIP) technology,
"The implementation of cost reduction steps and a wage cut by the Company is designed to allow us to strengthen our operational efficiency and to retain our competitiveness in the face of the current global economic crisis," said Shabtai Adlersberg, Chairman of the Board, President and Chief Executive Officer at AudioCodes. "We gratefully acknowledge the sincere and significant contribution of our employees towards achieving our goals," he added.
AudioCodes Ltd. provides innovative, reliable and cost-effective Voice over IP (VoIP) technology,
You May Also Be Interested In
- Syngenta (SYT) settles atrazine litigation; will pay $105M in deal
- Vertex Pharmaceuticals (VRTX) Gets Positive Opinion from CHMP for KALYDECO
- United Technologies (UTX) Prices Aggregate $9.8B Senior Notes Offering
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
