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Bruker BioSciences Lays Off 60 Staffers, Reorganizes to Counter Creeping Expenses

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NEW YORK, Sept. 10 (GenomeWeb News) - Bruker BioSciences will lay off around 60 employees worldwide as it tries to reign in "creeping" expenses, the company said today.

 

The move, which Bruker has already implemented, is expected to save the company $6 million in the fourth quarter of this year, and for the whole of 2005.

 

Bruker "had some bottom-line set-backs and expense creep recently, which we intend to counter with this additional cost-cutting program that has affected all of our operating companies and geographies," Frank Laukien, president and CEO, said in a statement.

The company also said it has "reorganized various production, research and development, sales and administration functions" to help save additional money.

 

Details were not disclosed.

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