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News in brief

Identive cuts non-NFC costs

News in brief

Identive Group is to cut its global workforce by 11% as part of a cost reduction plan designed to save US$4m to $5m this year. The move “will not impact our ongoing investments in new NFC and cloud-based identity solutions or our ability to address opportunities in these emerging, potential hyper-growth markets,” says chairman and CEO Ayman S Ashour.

Filed by Email Sarah Clark nfcworld.com Published • Last updated 11 June 2012, 18:27

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