Xaar PLC (XAR.L)
27 Mar 2015
* Ian Dinwoodie has retired from board of Xaar following a successful handover of responsibilities to new chief executive Doug Edwards Source text for Eikon: Further company coverage:
* 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.