AMSC Announces Cost Reduction Action

Symbols: AMSC
Posted in: News, Events
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AMSC (NASDAQ: AMSC), today announced that it has reduced its workforce by more than 20 percent in order to lower the company's cash usage as it works toward a return to profitability. The reductions have been made across all of AMSC's major geographic locations and functions. The company now has a global workforce of over 400 employees.


 
 
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