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Jobs at risk at iSoft

16th June 2010

Following a 50% decrease in iSoft's share value over the past fortnight, the firm has declared that it will make cost reductions and job cuts.

The huge fall in share prices resulted from a statementwhich warned that the company's turnover would be far lower than previously expected. The company said the money they make from their CSC contract will be “significantly less” in 2011 than in 2010, "which is why we have been working to build the order book of the company outside the CSC relationship".

 

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