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BRIEF-Guestlogix to cut 30 jobs

Published 2015-10-15, 04:43 p/m
© Reuters.  BRIEF-Guestlogix to cut 30 jobs
GXI
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Oct 15 (Reuters) - GuestLogix Inc GXI.TO :
* Initiates restructuring plan to improve operations and to support profitable
growth
* Restructuring efforts are expected to generate annualized savings to the
company in the range of $6.0 million to $6.5 million
* Restructuring will have no impact on the near-term delivery of projects to
its clients
* Says reducing guestlogix' salaried workforce by 30 people, effective
immediately within all geographies
* Says reducing guestlogix' salaried workforce by 30 people
* Says restructuring efforts's impact commencing in Q4 2015
* Says ending engagements with over 25 contractor and third party service
providers

* Source text for Eikon ID:nCCN5ZV7Ht

* Further company coverage GXI.TO

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