Globe Special Metals Inc. announced today there was a reduction in global salary workforce of 25%. This is in addition to the reduction in hourly workforce of 25% at the Beverly, Oh location at the beginning of June. Globe sites that an overrun expense of $10MM in SAP implementation in conjunction with poor furnace performance at Selma, Ala. and Bridgeport, Tn. in recent months and the lowest Silicon Metal prices in 4 years has resulted in drastic measures to improve stock performance. Estimates are a corresponding reduction in stock price of 25%.