Corel cutting 21% of work force

Article Abstract:

Ottawa, Ont.-based Corel Corp. has announced job cuts of 320 employees, which represents 21% of the software company's work force, as part of a strategy to restore profitability. Corel, which is expected to save about $30 million annually through the job cuts, will make the employee layoffs in all of its departments.

---

Corel's marketing department hit by cost-cutting measures

Article Abstract:

Ottawa, Ont.-based Corel Corp., which is a leading software maker, has implemented a cost-cutting strategy that includes deep cuts for its marketing operations. Corel has reduced its workforce by one-fifth as it attempts to reduce costs by $40 million.

Financial management

---

RIM files $1-billion offering

Article Abstract:

Waterloo, Ont.-based Research in Motion Ltd. has announced a plan to invest $1 billion for expansion. The funds, which will be used for manufacturing expansion and research and development, has filed documents with the SEC to sell 6 million shares.

Capital expenditures, Securities issued, listed, Research in Motion Ltd.

Similar abstracts:

• Abstracts: Cognos cracks B2B exchange market. Corel wins deal to bundle programs in HP scanners. Entrust wins big contact from Bell
• Abstracts: Luxury-loving fugitives leave $50-million hole. Smoker wins right to sue tobacco firms. Airport guard tries to check officer's ID, gets arrested
• Abstracts: Nortel share price plummets. Big profits seen from big firms. Nortel goes on attack over class-action lawsuits
• Abstracts: TD appoints Clark to No. 2 job. Bloomberg quits National Bank unit. Two BMO veterans leave jobs in shuffle
• Abstracts: Second Cup holdout persists, despite new bid. Second Cup finds rival bidder. Timothy's brewing up an empire

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.