TTI Team Telecom International Ltd., a leading Israeli supplier of Operations Support Systems (OSS) and Business Support Systems (BSS) for telecom service providers, announced that it has initiated a major restructuring of the company aimed at reducing costs, increasing efficiency throughout the organization and improving customer satisfaction.
"The downturn in the telecommunications industry has adversely affected telecommunications service provider organizations across the board," stated Meir Lipshes, TTI Telecom's chief executive officer. "What characterizes today's marketplace is the fact that service providers are more cautious in making OSS investments and are taking much longer to make purchasing decisions."
Continued Lipshes: "The reductions will not impact TTI Telecom's ability to service customers, acquire new ones, or continue existing R&D initiatives. The organizational restructuring is designed to enhance the company's efficiency and productivity to help it weather the current harsh telecom environment and return to profitability."
The restructuring plan necessitates a workforce reduction of approximately 10 percent across all TTI Telecom departments, together with efficiency measures that will enable the company to maintain its core operations worldwide, improve product quality and shorten delivery timetables in order to best serve its existing customer base.
The effects of the SARS epidemic are also being factored into the restructuring plan. Implementation of the plan will enable TTI Telecom to reduce expenses without having negative impact on TTI Telecom's ability to service customers, acquire new ones, or continue existing R&D initiatives.
TTI Team Telecom International Ltd. offers advanced, modular and integrated software products and services for Operations Support Systems ("OSS") and Business Support Systems ("BSS") to telecom service providers. — (menareport.com)
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