Norkom laid off over half of staff in 2003
The company, which at one stage employed over 200 people, cut its workforce from 123 to just 60. All but three of its 19 sales and marketing team were cut, while the research staff was halved.
The jobs cuts saw Norkom’s wages and salary bill fall from €7.5 million to €4.19 million in the year to March 31, 2003.