Acterna makes plans for recovery -
[Cached Version]
Published on: 5/8/2003
Last Visited: 5/8/2003
Acterna spokesperson Jim Monroe said the reorganization plan includes no new announcement of company work force reductions.
"We have in the past taken steps to reduce our work force to make sure it's aligned with the market outlook," Monroe said.Reductions that have already been announced and are still in process will leave a work force of about 600 in Germantown by next month, and about 2,100 in its other offices around the world, he said.Acterna once had about 1,000 employees in Germantown and 6,500 employees worldwide, Monroe said.
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Monroe said it was "too early to say" when the reorganization plan would be complete and the company would be ready to emerge from bankruptcy."But the key is that we have terms pre-negotiated with our creditors and we think we should be able to move through the process quickly," he said.