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EarthWatch Announces Staff Reductions Following Loss of QuickBird 1
Longmont - Nov. 21, 2000 EarthWatch will shed 48 employees, which represents a 24% reduction in the work force. The layoffs follow a launch failure of the QuickBird 1 commercial imaging satellite on November 20 (GMT), 2000 from Plesetsk, Russia. The satellite failed to achieve orbit. "The loss of QuickBird 1 is a setback to our schedule for commencing commercial operations, said EarthWatch President and CEO, Herb Satterlee. "At the time of launch, we were fully staffed to process terabytes of data per week. Since our schedule has been moved out by six to nine months, we must reduce our costs until we are ready for full operations again." "EarthWatch is working with local business partners such as Ball Aerospace & Technologies Corp. and Intermap Technologies to place employees on temporary assignment until the launch of QuickBird 2. We have a great team here at EarthWatch and it is unfortunate to lose even one of our members." QuickBird 2 is already in production at Ball Aerospace & Technologies Corp. in Boulder, Colorado. EarthWatch intends to launch QuickBird 2 by mid 2001. Community Email This Article Comment On This Article Related Links EarthWatch Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Stratos Steps Closer To Xantic Acquisition
Bethesda MD (SPX) Jan 5, 2006Stratos Global recently announced it had taken a step closer toward the completion of the acquisition of Xantic, having received positive advice from the Works' Council in the Netherlands, and executed a definitive agreement to purchase Xantic from KPN and Telstra Corporation. |
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