On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
52° Feels Like: 52°
Wind: N 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 49°

Tomorrow

Mostly Sunny 74°

Thurs Night

Mostly Clear 46°

Alerts

SMART Technologies to cut workforce by 25 percent

(Reuters) - Digital whiteboard maker SMART Technologies Inc said it would reduce its workforce by nearly 25 percent during the third and fourth quarters.

The company had 1,525 employees as of March 31, according to a filing with the U.S. Securities Exchange.

SMART Technologies, which cut about 70 jobs in August and 225 jobs last year, also said it would realign itself into two business units.

Its restructuring plan, expected to be completed by March, will result in annualized pre-tax cost savings of about $40 million.

(Reporting by Shounak Dasgupta in Bangalore; Editing by Joyjeet Das)

Comments