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February 13, 1989


By CBR Staff Writer

Hopes seem to be permanently postponed at Cullinet Software Inc, and the company is still having to take further restructuring measures in its efforts to return to solid profits. The latest move by the Westwood, Massachusetts company is to get rid of another 10% of its workforce, or about 200 people, but it says it will report its eleventh straight loss-making quarter when it comes out with figures for its third quarter to January 31. The move may cut costs enough to enable it to show a fourth quarter profit.

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