More layoffs at March Networks

Published: January 20th, 2009

Ottawa's March Networks, which makes IP video surveillance solutions, is letting go more staff, the company has announced. It said today it is dropping seven per cent of its staff and all North American executive and staff salaries by six per cent to save $3.2 million a year. Peter Wilenius, VP of investor relations and corporate development wouldn't say how many people are being let go, but he did say the global workforce is about 300 people. That would then translate into about 20 people laid off. The company dismissed about 40 people late last year.

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