Trading Metrics Restructures in Survival Bid

- WatersTechnology Staff
- 12 Dec 2008

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Chief executive Jeff Drew says that despite December proving the vendor's most successful month to date for new sales, revenues were not yet enough to support Trading Metrics' cost base, and management has decided "to close the company in an orderly manner."

The company has laid off most of its 15 staff, though a skeleton management team is staying on to oversee the restructuring process and "decommission the current corporate shell," says Drew, who will continue to be involved with the company

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