Bowne Cutting Costs, Jobs
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"Furthermore, we are moving forward with a diversification program that reduces our reliance on cyclical business. With that said, it is always painful to announce staff reductions, especially at a people-focused company such as Bowne."
The company estimates that related restructuring expenses from the latest cost reduction will result in a third quarter pre-tax charge of $2 million to $3 million. It does not change Bowne's third quarter or full year outlook.
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- People:
- Jobs
- Robert M. Johnson
- Places:
- New York
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