In Brief: International Remote Imaging Systems
This article was originally published in The Gray Sheet
Executive Summary
International Remote Imaging Systems: Chatsworth, California-based firm plans to reduce 150-person workforce by 20% under a corporate restructuring program. The restructuring is designed to save the company more than $1 mil. annually after a one-time charge of $900,000, which will be reported in the 1996 fourth quarter. Every IRIS segment will be affected by the restructuring, the company says, but the majority of layoffs will occur at the firm's headquarters. The cost-cutting measures follow two recent acquisitions by IRIS. The company purchased PerSeptive Scientific Instruments in August and the DavStar line of urinalysis products from UroHealth in March...