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 […]
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MASSDEVICE ON CALL — Struggling Analogic (NSDQ:ALOG) announced this week that it will cut 50 jobs from various divisions in order to help cut costs in coming years.
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
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