Bruker CEO Takes 20 Percent Pay Cut in ‘05 As Company Seeks $3M A Year Savings

Bruker BioSciences announced another round of cost-cutting and restructuring on Monday to save the company $3 million a year, and another $1 million next year.

Bruker will move all its German administrative and life science business activities to its site in Bremen, and its German nuclear, biological, and chemical detection business to its Leipzig site. Moreover, the UK operations of subsidiaries Bruker AXS and Bruker Daltonics will be combined into one, based in Coventry.