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Agilysys, Inc.
Agilysys Achieves Additional $8 Million in Cost Savings
November 21st, 2008
Agilysys, Inc. (NASDAQ:AGYS) announced that actions taken during the past two weeks to realign its overhead infrastructure have led to an additional $8 million in annualized cost savings. These savings are over and above the $17 million of cost reductions previously announced in June 2008. The $8 million in savings includes the elimination of corporate-level executive positions, consolidation of headquarters and the initial phase of realigning a number of former corporate SG&A functions into the company's three business units. The company will continue to evaluate and act upon additional cost-saving opportunities and operational efficiencies. As announced on October 22,...
Source: Health Business Week (2008-11-21)
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