RiT Technologies aims to reduce workforce by 10-15% in 2014

RiT Technologies Ltd. (NASDAQ: RITT) said it plans to reduce operating expenses by more than 25% in 2014.

As part of this plan, RiT will focus its efforts on maintaining its 2014 sales targets while implementing cost efficiencies in its purchasing and logistics, reducing its R&D development costs as well as reducing its global workforce by 10% to 15% .

RiT is a provider of IIM solutions and a developer of an innovative indoor optical wireless technology solution. For more information, visit our website: www.rittech.com.

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