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Thermo Electron Head To Restructure Three Divisions At Cost of $53 Mil.

This article was originally published in The Gray Sheet

Executive Summary

Thermo Electron will take a one-time charge of $53 mil. in the third quarter (ended Oct. 3) related to facility closings and staff reductions as part of a cost-cutting/restructuring effort at three public subsidiaries - Thermo Instrument Systems, ThermoTrex and Thermo TerraTech - under new president Arvin Smith.
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