The company also resumed a full work week.
Chip PC Technologies Ltd. (TASE:CPPC) has raised employee salaries by 10% and resumed a full work week as part of the company's latest restructuring. Senior executives are also leaving the company.
In a notice to the Tel Aviv Stock Exchange (TASE) today, Chip PC said that the changes "were to partly reimburse for the cutbacks announced early last year."
Chip PC's share rose 12.8% today to NIS 0.80, giving a market cap of NIS 16 million,
Published by Globes [online], Israel business news - www.globes-online.com - on January 10, 2010
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