Identive Group, a provider of products and services for the security, identification and RFID industries, said that it plans to consolidate its facilities and reduce its workforce, as part of the cost reduction program.
The company said that it is consolidating its operations in Mainz, Germany with its European headquarters in Ismaning, Germany. The European office is expected to be closed by the end of March 2010.
In addition, the company is also combining and streamlining its operations in India by merging SCM Microsystems India and Scolis Technologies. The two Chennai-based engineering organisations will operate as one team focused on the contact and contactless RFID reader technology for the Identive Group business units.
In association with the closure of its Mainz facility and the merger of its Indian operations, the company plans the elimination of 43 positions that is 13% of its global workforce. The workforce reduction is expected to be completed by the end of February 2010.
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Identive Group said that it will continue to implement additional cost reduction measures at both the corporate and individual business unit levels as it proceeds with the integration of its newly combined businesses.
