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Alvarion drops 16% of Israel employees in 2009

Wireless technology company's annual financial reports reveal it employed 566 people in Israel, 16% lower than 2008 figure. Since financial crisis, number of Israelis employed by company dipped 26%

Alvarion's streamlining plan resulted in a 16% cutback in the number of workers employed in Israel, according to the wireless communication company's full 2009 financial reports.

 

At the end of 2009, Alvarion employed 566 people in Israel, a 16% decrease from 2008's figure of 676 employees in Israel. Overall, over the past two years, Alvarion laid off 198 employees in Israel, 26% of the total number of workers in Israel prior to the financial crisis.

 

In 2009, Alvarion employed 877 employees throughout the world, versus 976 at the end of 2008. The layoffs last year join another cutback of 67 jobs in 2008. In the past two years, Alvarion's workforce decreased by 16%. In 2007, the company employed 1,043 at its offices throughout the world.

  

The layoffs are part of the company's streamlining plan carried out over the past year during which it unified two of its product lines with the company's largest product line.

 

Alvarion's profits in 2009 totaled some $245 million versus $281 million on 2008. On the bottom line, Alvarion CEO Eran Gorev saw a loss of $7.2 million in 2009 versus a $5.45 million loss in 2008.

 


פרסום ראשון: 04.05.10, 08:09
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