 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
SPACEHAB Unveils Initiative to Streamline Company And Reduce Costs
Houston TX (SPX) Jan 19, 2007 SPACEHAB has announced plans to restructure corporate functions and reduce staff to streamline operations, improve efficiency, and lower overhead costs. The Company anticipates the 15-20% reduction in workforce, approximately 36 positions out of 220, to result in savings of $3.9 million annually. The reductions eliminate redundant capabilities as SPACEHAB's support of NASA's space shuttle program moves toward completion of the Company's last contracted mission, utilizing the Logistics Single Module on STS-118 currently scheduled for launch in June 2007. SPACEHAB announced that none of the Company's facilities are closing as a result of the plan and that all necessary skills required to successfully support International Space Station resupply, and SPACEHAB's 22nd, mission remain firmly in place to accomplish all mission critical milestones on time. The Houston, Texas Headquarters and Cape Canaveral, Florida payload processing facility are the only locations impacted by the immediate restructuring. Costs and planned cash expenditures associated with the restructuring are estimated at $450,000. "After an exhaustive review of our business, we have aligned SPACEHAB's infrastructure to enable the Company to serve our customers better than ever and achieve our strategic goals," said SPACEHAB President and CEO Thomas B. Pickens, III. "Concentrating these core resources allows the Company to both maintain our signature high performance and remain competitive in the interest of our customers, partners, and shareholders." Community Email This Article Comment On This Article Related Links SPACEHAB The latest information about the Commercial Satellite Industry The latest information about the Commercial Satellite Industry
Fabio Mussi, Italian University And Research Minister, Visits ESRIN
Paris, France (ESA) Jan 18, 2007Visiting ESA's Centre for Earth Observation in Frascati yesterday, the Italian University and Research Minister, Mr Fabio Mussi, confirmed the importance that the Italian government gives to ESA and stressed his intention to continue to contribute in an adequate manner to the Agency's activities. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
