Azure Dynamics Reduces Workforce by a Quarter
January 18, 2009 by admin · Leave a Comment
Curt Huston, Azure Dynamics chief operating officer.
Azure Dynamics Corporation has announced a 25% cut in its current workforce along with cuts in all discretionary expenses and a focus on actions to offset recent component cost increases. Azure is a developer of hybrid electric and electric powertrains for commercial vehicles.
The Company also plans to focus on existing products and is actively working with its customers on potential new programs that involve sharing development costs. Read more
