Celestica CEO takes one-third pay cut

Article Abstract:

Toronto, Ont.-based Celestica Inc.'s chief executive officer, Eugene Polistuk, has announced that he will take a pay cut of one-third as part of the electronic components maker's cost-cutting strategy. Celestica paid Mr. Polistuk $2 million in cash compesation in 2000.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Electrical equipment and supplies industry, Electric equipment industry

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Celestica shifting production

Article Abstract:

Celestica Inc. will transfer manufacturing to plants with less expensive labor and material costs. The company, according to its head, Eugene Polistuk, is responding to customer demands that it find cheaper production methods.

Production management, Computer industry, Microcomputer industry, Telecommunications equipment industry

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Geac taking $16.8-million writedown

Article Abstract:

Geac Computer Corporation Ltd. announced that it will record a 16.8 milllion Canadian dollar goodwill writedown for the fourth quarter period. The writedown is for Geac's realty software unit.

Computer software industry, Software industry, Geac Computer Corporation Ltd., GAC

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