IDT Global Service - "break even by July, (or) it will be closed down"

According to the site seekingalpha.com, IDT global Services, IDT Corporations Israel based call center company has been given a mandate to either start breaking even by July or the division will be closed down.

Once over 900 employees strong, the division is now estimated to be down to around 700 employees and will likely see further cuts in the coming months. The company which handles outsourced call center solutions for US and other international companies, has been struggling, like it's parent company, to keep the business rolling in and is now at a crossroads...get going or get gone! Beyond staff reductions some of the other things the company is trying to do to become profitable is: rent out their other call center in Beer Sheva and Safed, getting rid of paid lunch breaks for employees, lowering salary levels, and increasing sales agents target levels.

IDT Global Services CEO Eli Ninio is rumored to have purchased a bulk of the ownership of the Israeli operations from the parent company.