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Q2 Loss Prompts Presstek Job Cuts

August 21, 2009
HUDSON, NH—Digital printing equipment specialist Presstek is reducing its workforce by 10 percent following a second quarter that saw the company lose more than $40 million. The cuts will result in the loss of about 60 jobs. According to the Connecticut Post, this move and other initiatives will save the company $10 million per year. Much of the second quarter loss was related to two non-routine charges.

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