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Staar Surgical cuts 25% of jobs in restructuring

This article was originally published in Clinica

Executive Summary

Ophthalmic company Staar Surgical is to slash its workforce by 25% and consolidate its manufacturing and distribution operations in an attempt to become profitable on operations by early 2002. It will also make several changes in its top management (see below). The company will take a total of $12 million in charges over the next several quarters as a result.

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