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04.29.2009 - Corel Announces Workforce Reductions

View Corel related news. Corel Corporation (NASDAQ:CREL) (TSX:CRE) today announced that it is reducing its global workforce by approximately 8% or 80 employees worldwide. The Company is taking these actions to better align its cost structure with current and future anticipated revenue.

The Company estimates that, as a result of these actions, it will incur a one-time restructuring charge in the second quarter in the amount of $1.4 million (USD).

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NID: 28107 / Submitted by: TACKtech Team
Categories: Press Release
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