NEW YORK (GenomeWeb News) – PerkinElmer reduced its workforce by 437 people in 2012, it said in its Form 10-K filed with the US Securities and Exchange Commission this week.
The layoffs resulted from efforts by the company to shift resources to higher growth geographic regions and end markets, as well as a shift of certain operations into a new shared service center, and a realignment of operations, R&D, and production resources, it said.
As a result of the layoffs, PerkinElmer took restructuring charges totaling $24.4 million related to severance payments.
In 2011, the company eliminated 186 positions, it said in its Form 10-K, and took a charge of $11.3 million restructuring charges related to the layoffs.
PerkinElmer recently said that it posted $2.12 billion in revenues during 2012 with a profit of $69.9 million, or $.61 per share on a GAAP basis. On a non-GAAP basis EPS was $2.06.
Thermo Fisher Scientific this week also disclosed that it laid off 1,120 employees in 2012.