Business
Update
Update.
About this update from Pebble Beach Systems Group Plc
[{"type":"text","content":"\n RNS Number : 0714A Vislink PLC 26 January 2011 \n \n\nVislink plc (the \"Company\") \nUpdate\n \n26 January 2011\n \nFollowing the recent disposal of its Marine and Energy business, the Company now focuses on providing secure communications to the News and Entertainment and Law Enforcement and Public Safety markets. The Company has today announced that it is reducing its headcount by around 60 people, being approximately one quarter of its total workforce. These reductions will be combined with further site-consolidations and the acceleration of the transfer of product sourcing to Asia. As a result, the Company expects to reduce the total fixed cost-base of the continuing business to approximately £20.0m, which is consistent with the current market trends and expected revenue growth of the Company. The cash cost of the restructuring will be approximately £0.6 million.\n \n- ends -\n \nFor further information, please contact:\n \nDuncan Lewis, Chief Executive +44 (0) 14 88 68 55 00\nJames Trumper, Group Finance Director &...