AUSTRALIA: Orbital announces staff cuts on 'weak trading'
Orbital Engine Corporation today announced staff reductions to 'better align its capabilities with future business opportunities.' Thirty-seven technical and support staff have been affected, generating an annualised saving of approximately A$2 million. The cuts are in respnse to 'weak trading conditions' in the half-year ended 31 December 2001 as well as 'evolving customer requirements.'
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