Oss initiates $3 mln reorganization and expense reduction program for long-term sustainability

Oss initiates $3 million reorganization and expense reduction program to support long-term sustainability and future growth.one stop systems inc - expects program to be substantially complete in current quarter and realize savings of $2.5 million to $3 million on an annual basis.one stop systems inc - initiative involves immediate selective workforce and expense reductions companywide, including at senior management level.one stop systems inc - other key changes include consolidating acquired operations and realignment of managerial responsibilities.one stop systems inc - pursuing opportunities to further strengthen its balance sheet with combination of government and private financing sources.
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