TITLE

Alvarion Sheds Jobs, Cuts Exec Pay

AUTHOR(S)
Medford, Cassimir
PUB. DATE
December 2008
SOURCE
Red Herring;12/8/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36602778

 

Related Articles

  • ArvinMeritor paring senior executive pay.  // Trailer / Body Builders;Jan2009, Vol. 50 Issue 3, p6 

    The article focuses on the ten percent base salary cut of 100 senior executives in ArvinMeritor to conserve cash in the face of declining demand from automakers globally. It is stated that the car and truck parts maker is also cutting salaries of its U.S. white-collar workers by five percent and...

  • Did big investors and government policy trigger the `corporate greed' furor?  // Corporate Board;Jul/Aug96, Vol. 17 Issue 99, p27 

    Discusses several factors which helped boost executive pay and corporate downsizings in 1996. Shareholders' increasing influence on directors and management; Tax policies implemented in 1993; Information from a report by Pearl Meyer and Partners Inc.

  • Assessing the roller coaster of downsizing. Mabert, Vincent A.; Schmenner, Roger W. // Business Horizons;Jul/Aug97, Vol. 40 Issue 4, p45 

    Focuses on competitive pressures that have forced many firms to reduce the size of their work forces as one method of cost control. Defining downsizing and understanding the reasons for it; Case against downsizing; Downsizing study; Several categories of potential benefits and costs related to...

  • Preparing for downsizing costs. Rainey, Joseph P. // Business Insurance;8/14/95, Vol. 29 Issue 33, p25 

    Advises employers on downsizing costs. Includes putting resources to control losses in place before the reduction is announced; Initiation of an accident reporting and investigation procedure; Identification of a list of preferred medical providers that have some occupational experience.

  • Headcounts keep heading down. Marshall, Jeffrey // U.S. Banker;Apr98, Vol. 108 Issue 4, p72 

    Discusses the reduction in headcounts at major banks in an effort to reduce costs. Information on First Union Corporation; Identification of three banks which have all accounted sizable headcount cuts; Details on the banks.

  • Eastern's Purger.  // Time;10/15/1973, Vol. 102 Issue 16, p101 

    The article focuses on the effort of Floyd D. Hall, chairman and chief executive of Eastern Airlines Inc., to bring back the company's financial stability and remove the rest of the management from any accountability on the firm's financial loss in 1973 in the U.S. It cites that the company has...

  • Down but not out. Strenger, Ellen Weisman // Trustee;May97, Vol. 50 Issue 5, p6 

    Discusses the steps hospitals in the United States must carry out to lessen the human toll of downsizing. Planning for a leaner workforce; Role played by hospital trustees in downsizing; Cost-cutting methods; Making employees partners in repositioning the hospital.

  • The week in numbers.  // Money Marketing;6/26/2014, Issue 1443, p14 

    The article presents statistics related to finance including the number of job losses at Partnership after a cost-cutting exercise, the level at which discounted fund deals will settle and the number of planned hires at Tilney Bestinvest.

  • Non-Profit Profiteers. Feldman, Bob // Dollars & Sense;Jan/Feb2003, Issue 245, p4 

    Reports on an increase in the salaries of top executives of non-profit organizations in the U.S. in 2001. Background on employee layoffs by most organizations due to the economic slowdown; Comparison of pay raises between the chief executive officers of non-profit and corporate organizations.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics