Dec 14 (Reuters) - Geospace Technologies Corp:
* 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: