Oldsmar, Fla.-based eAutoclaims Inc. says it is now seeing the anticipated results of the restructuring efforts the company initiated during the first quarter of fiscal 2003. In December 2002, the company reported a total savings of $80,000 for the month, or $960,000 on an annualized basis, and anticipates greater monthly savings as the year progresses. According to eAutoclaims president and CEO Eric Seidel, "These are the initial savings we realized from our first quarter restructuring. As more of our cost reductions take hold, we would expect the total savings to be approximately $1.2 million per year."
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