Satcon Technology Corp fka SATCQ

[rock lili]

Satcon Technology Corp. (NASDAQ:SATC) has decided to hedge its staff by 35% in an attempt to hold back costs efficiently and better direct its business toward North American and growing Asian-Pacific markets.

Satcon would also close its Canadian manufacturing plant, and is presently attempting to make an alliance with a deal manufacturer to sustain Ontario production.

http://www.usamarketvoice.com/latest-happenings/7804/satcon-technology-works-on-cut-jobs-save-costs-aims-at-north-american-asian-pacific-markets.html