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EDAP TMS to cut 22% of French workforce

This article was originally published in Clinica

Executive Summary

EDAP TMS, the Vaulx-en-Velin, France-based urology device group, says it will shed 22% of its French workforce to cut costs and stay competitive. This and other cost-saving measures should enable it to report operating income and positive cash flow in the latter part of 2004. However, this could be scuppered by a continued rise in the value of the euro, the company cautioned.

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