NEW YORK (GenomeWeb News) – Sigma-Aldrich has laid off 30 employees as part of a restructuring plan to "exit various sales office locations in Europe," the company disclosed in a document filed with the US Securities and Exchange Commission recently.
The St. Louis-based company did not disclose the specific locations of the offices or whether those offices and sales operations are being consolidated into one site, saying only in its Form 10-Q that the actions "will further reduce the company's fixed cost structure by streamlining the sales force in Europe."
Sigma-Aldrich recorded $4 million related to restructuring costs in its second-quarter earnings results, for which the firm reported 4 percent revenue growth year over year. Another $1 million in restructuring costs remain, it added.
A spokesman for the company declined to comment on the sites that are being shut down.