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Transora dismisses 15% of staff. (Technology).

CHICAGO -- The on-line business-to-business exchange Transora laid off nearly 15% of its workforce late last month and executives say that merging the company with another exchange is a real possibility.

"My goal is to make sure we have a sustainable business model of our own so regardless of what happens we can choose to join with another exchange or decide not to," chief executive officer Judith Sprieser says.

Transora is an on-line hub that tries to connect manufacturers, suppliers and retailers of everything from apparel to food, beverages and packaged goods.

Its goal, executives of the company say, is to eliminate much of the excess inventories these companies carry, to reduce human error by automating transactions and to enable companies' computer systems to easily communicate with one another by using a common language.

The layoff of 24 employees on November 30 comes just a few months after Transora closed its San Francisco office where it operated the on-line promotions company planet U.

The closing of the San Francisco operation and the shutdown of planet U eliminated 16 positions. Coupled with the latest round of job cuts, Transora has reduced its workforce to 140 people.

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Article Type:Brief Article
Geographic Code:1USA
Date:Dec 17, 2001
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