Xaar PLC (XAR.L)
5 Mar 2015
* Doug edwards will join board as chief executive officer with immediate effect
* Sales into group's largest application, ceramic tiles, stabilised during quarter four following step-down in chinese demand experienced in Q3
LONDON, Oct 2 - Troubled industrial inkjet company Xaar said it planned to cut costs and around 20 percent of its staff after a slowdown in China forced it to reduce forecasts for this year and next.