Brainpower Embarks on Cost Cutting Program
ORGANIZATION AND STRATEGY
Brainpower, an Amsterdam-based developer of investment analysis and decision support tools for the buy side, is embarking on a cost reduction program to help it break even by the end of 2002.
Brainpower’s chief executive Rocco Pellegrinelli says, "Last year we promised our shareholders we would break even at an EBITDA level by the end of this year. This remains a firm commitment and the top priority of management despite the persistent weakness in the economic environment."
The company is looking
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