Ballantyne Trims Film Projection Staff

Ballantyne of Omaha has announced that it has reduced its overall staffing by 19 people, or approximately 10 percent, as part of the ongoing shift in its business from the manufacture of film projection equipment to the distribution of digital cinema projectors. Annualized cost savings related to these actions is estimated to amount to approximately $900,000. Ballantyne will record a first quarter severance charge of approximately $255,000 related to these actions.