SHELTON, CT—Baldwin Technology, which specializes in process automation technology for the printing industry, announced that it is undertaking additional personnel reductions in the United States, Germany, Sweden and Italy in order to competitively position the company in the continuing global economic downturn.
This extension of earlier cost saving measures initiated in 2008 in anticipation of a softening of the global markets, combined with other direct and indirect savings in the company's manufacturing cost structure, is expected to realize in excess of $20 million annually.
This extension of earlier cost saving measures initiated in 2008 in anticipation of a softening of the global markets, combined with other direct and indirect savings in the company's manufacturing cost structure, is expected to realize in excess of $20 million annually.
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