Alvarion mulls layoffs

The company has more than 1,000 employees, mostly in Israel.

WiMAX solutions developer Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) is mulling layoffs. No decision has yet been made. The company has more than 1,000 employees, mostly in Israel.

Alvarion said in response that it periodically reviewed its situation and responded accordingly. Alvarion's share rose 3.6% on Nasdaq on Friday to $3.20. The share rose 4.9% by mid-afternoon on the TASE to NIS 12.64

Published by Globes [online], Israel business news - www.globes-online.com - on November 30, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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