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Analogic cutting 128 jobs in Bay State

By Chris Reidy
Globe Staff / January 29, 2009
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Analogic Corp. of Peabody said it will reduce its worldwide workforce by 9 percent, or 140 jobs, including 128 in Massachusetts, as part of a plan to cut costs by $9.6 million per year. The 128 Massachusetts jobs represent 12 percent of the company's Massachusetts workforce, a company official wrote in an e-mail.

Analogic, a provider of medical imaging and aviation security technology, cited "global economic conditions" as the reason for the layoffs.

The company added it expects to take a restructuring charge of $3.4 million during the second fiscal quarter.

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