"Restructuring charges associated with these actions are expected to be $US10-20 million in 2008." Kipp said Boart's focus in 2009 would continue to be managing liquidity and re-positioning its balance sheet through debt reduction. "Total liquidity, including availability under our revolving credit facility and cash balances, is expected to be approximately $85 million at year-end, which is more than adequate for the company's anticipated needs in the future."The company is also looking to reduce its outstanding net debt by up to $150 million in 2009, depending on market conditions. Boart Longyear provides drilling products and services to the mining and construction industries, and employs approximately 10,000 people worldwide.