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Sigma-Aldrich Restructures European Sales Operations, Lays off 30 Workers in Q2

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.

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