Alvarion will be streamlining its operations and implementing certain cost reduction initiatives intended to help achieve profitability. Plans call for a global wage reduction for all employees, along with adjustments to headcount.
“We believe that the new initiatives will enable the company to move towards stability, while we continue to invest in its growth engines, and develop new product innovations. We believe that the new organizational structure will be managed effectively and profitably to serve the needs of our customers.�?http://www.alvarion.com
