Alvarion Sheds Jobs, Cuts Exec Pay

Medford, Cassimir
December 2008
Red Herring;12/8/2008, p4
Trade Publication
The article reports on the plan of Alvarion, the world's largest WiMAX products company to shed 11 percent of its workforce and slash management salaries. The Tel Aviv, Israel-based firm said it has embarked on a number of cost reduction moves to lower its expense base in a slowing global economy. The cuts, which will come before the end of 2008, are expected to result in savings of about $15 million.


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