Ontario Systems axes 126 employees

December 5, 2008

Muncie-based Ontario Systems LLC laid off 126 of its roughly 500 workers yesterday, The Star Press reported. Most of the affected employees were at its home office, but a few were in the Columbus, Ohio, suburb of Berlin.

The developer of debt-collection software said the action was necessary to align costs with revenue.

Ontario was acquired in 2003 by Oxford Financial Group Limited, a wealth advisory firm in Carmel.

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