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PerkinElmer Cuts 72 Employees in Restructuring Effort

NEW YORK (GenomeWeb News) – PerkinElmer reduced its number of employees by 72 as part of a restructuring plan during its recently completed second quarter, the company disclosed this week.

In its form 10Q filed with the US Securities and Exchange Commission on Wednesday, the company said that during the second quarter, management approved a plan to shift resources to higher-growth geographies and end markets, and as part of that plan, it had trimmed its workforce by 72.

The restructuring plan resulted in workforce reductions in both its Human Health and Environmental Health segments, it said, though it did not provide further details.

In Human Health, PerkinElmer took a $2.2 million pre-tax restructuring charge related to the workforce reduction and the closure of excess facility space, it said. In Environmental Health, the headcount subtraction and facility space closure resulted in a pre-tax restructuring charge of $3.4 million.

All employees who are being terminated have been notified, and PerkinElmer expects the remaining severance payments of $4.8 million for workforce reductions will be completed by the end of 2012, it said.

Officials from the company did not respond to a request for comment.

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