Nur Macroprinters (Nasdaq:NURM) (NURM) laid off another 60 people over the last three weeks on top of the 40 job cuts in recent months, said CFO Hilel Kremer at the CIBC World Markets Sixth Annual Israeli-Related Equities Conference in New York.
The company remains with a staff of 400.
The Israeli firm, which makes wide and super wide digital printing systems, hopes the job cuts will save it $1 million a quarter, Kremer said.
He added that he hopes Nur's cost-cutting measures will enable it to sustain profitability even at a quarterly revenue level of $30 million. He estimates that Nur will see revenue climbing from the second half of 2002.
When releasing its third-quarter results on November 7, Nur warned of imminent job cuts, but did not specify numbers.