March 29, 2018 / 6:15 PM / in 9 months

BRIEF-Orbite Technologies Provides Update On Repair Of Calcination Equipment At Cap-Chat Plant

March 29 (Reuters) - Orbite Technologies Inc:

* ORBITE PROVIDES CORPORATE UPDATE

* UPDATE ON CONTINUING EFFORTS TO REPAIR CALCINATION EQUIPMENT AT CAP-CHAT PLANT AND TO EMERGE FROM INSOLVENCY PROTECTION

* ‍45 EMPLOYEES, INCLUDING UPPER MANAGEMENT, ARE AFFECTED BY COST-CUTTING MEASURES; MOST OF THEM WILL BE TEMPORARILY LAID-OFF

* SMALL GROUP OF EMPLOYEES WILL REMAIN WITH REDUCED WORK HOURS TO MAINTAIN CONTINUITY OF OPERATIONS Source text for Eikon: Further company coverage:

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