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Also layoffs at Elsa

Also layoffs at Elsa

According to the preliminary figures for the third quarter, which were published today by Elsa, there were significant drops in sales and profit. Therefore, 60 jobs are to be cut at the graphics card and ISDN specialist.

Sales fell in the third quarter by 22 percent to 57 million euros, which is associated with a loss of 4.9 million euros in the same quarter last year 3.8 million euros in profit were posted. For the US division, Elsa wants to concentrate on high-end graphics cards. In addition to the general declines, the attacks of September 11th also had a negative impact on business. For Elsa, this is already the third quarter in a row in which such poor business figures have to be announced, so another 60 jobs are to be cut.