Alteva Inc. (ALTV) announced a workforce reduction in its Warwick, NY location. A 20% workforce reduction of staff reporting out of the Warwick, NY facility will take place this week and will affect both union and non-union workers.
The targeted reductions and other restructuring activities are being initiated to provide efficiencies and realign resources, the company said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.