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Article: Pacific Safety Products Inc. Announces Workforce Adjustment.
- Article from:
- Marketwire Canada
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KANATA, ONTARIO, Nov 3, 2009 (Marketwire via COMTEX) -- Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or "the Company"), a leader in the field of protective body armour and soldier systems equipment, today announced a reduction in its workforce to align the Company's cost structure with revised revenue projections for fiscal year 2010.
Mr. David Scott, Chief Executive Officer commented, "In the media release of October 26, 2009, the Company announced that it was taking immediate action to address an expected decline in revenue through expense reductions. Today's announcement is the execution of that planned action. The Company has reduced its workforce by ...