December 14, 2017 / 9:55 PM / a month ago

BRIEF-Geospace Technologies Announces Cost Reductions

Dec 14 (Reuters) - Geospace Technologies Corp:

* GEOSPACE TECHNOLOGIES ANNOUNCES COST REDUCTIONS

* GEOSPACE TECHNOLOGIES CORP - PROGRAM TO REDUCE ITS OPERATING COSTS IN LIGHT OF EXPECTED AND CONTINUING LOW LEVELS OF SEISMIC PRODUCT DEMAND

* GEOSPACE TECHNOLOGIES CORP - PROGRAM IS EXPECTED TO PRODUCE APPROXIMATELY $6 MILLION OF ANNUALIZED CASH SAVINGS

* GEOSPACE TECHNOLOGIES CORP - MAJORITY OF THE SAVINGS WILL BE REALIZED THROUGH A REDUCTION OF OVER 60 EMPLOYEES FROM COMPANY‘S HOUSTON-AREA WORKFORCE Source text for Eikon: Further company coverage:

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