Analogic (NSDQ:ALOG) yesterday said it plans to lay off about 90 workers at a plant in its Peabody, Mass., base as it shifts production to Shanghai. The move is aimed at aligning “research and development investment with expected customer funding” in Analogic’s security & detection business and a voluntary retirement program, the company said. “As we […]
Analogic
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The company didn’t offer many details about the layoffs, but said that the measure will help reduce costs by about $6 million starting in Q1 2015.
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Layoffs continue for Analogic; shares sink following Q2 earnings report, flat outlook
