Brief: Geospace Technologies Announces Cost Reductions

Geospace Technologies

14/12/2017 21:30

Dec 14 (Reuters) - Geospace Technologies Corp  GEOS.O : 
    * GEOSPACE TECHNOLOGIES ANNOUNCES COST REDUCTIONS 
    * GEOSPACE TECHNOLOGIES CORP - PROGRAM TO REDUCE ITS 
OPERATING 
COSTS IN LIGHT OF EXPECTED AND CONTINUING LOW LEVELS OF SEISMIC 
PRODUCT DEMAND 
    * GEOSPACE TECHNOLOGIES CORP - PROGRAM IS EXPECTED TO 
PRODUCE 
APPROXIMATELY $6 MILLION OF ANNUALIZED CASH SAVINGS 
    * GEOSPACE TECHNOLOGIES CORP - MAJORITY OF THE SAVINGS WILL 
BE 
REALIZED THROUGH A REDUCTION OF OVER 60 EMPLOYEES FROM COMPANY'S 
HOUSTON-AREA WORKFORCE 
 
Source text for Eikon:  ID:nBwrpK2Pa  
Further company coverage:  GEOS.O  
 
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