10:28 AM EST - Tree Island Wire Income Fund : is cutting 10 percent of its salaried staff in a cost reduction effort linked to the consolidation of U.S. operations. The move brings to 22 percent the overall reduction in the company's U.S. workforce and six percent of its Canadian workforce since July. Tree Island Wire Income Fund
shares T.TIL.UN are trading down 5 cents at $4.10.
