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

 

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