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News Breaks | | | | September 28, 2011 | | 16:02 EDT |  | ATRM | Aetrium cuts Q3 revenue to $1.5M from $3.3M, announces workforce reduction
The company cited deteriorating industry conditions that have impacted the demand for the company's products. The visibility remains limited, and the company plans for soft industry conditions for the next two quarters that may keep revenues below breakeven. Aetrium will have a 15% reduction in its workforce and wage reductions of up to 10% for its officers. | |
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