In the face of a heavy restructuring program, modem manufacturer Sirius Technologies will today confirm the departure of a number of staff from the organisation, according to sources close to the vendor.
Despite reporting a $1.3 million profit on sales of $31 million in September, Sirius has been in rationalisation mode for most of this year.
The vendor has been forced to improve its inventory management strategies following poor stock flows.
"Since December 31 last year our debt has been reduced by $2.2 million, largely as a result of improved inventory management," Sirius managing director, David Stewart claimed in September.
"Our strategy is to cull product lines that aren't performing and introduce marketing campaigns for those products which can offer potential sales value," he added.
Stay tuned to ARN Daily for more details.