Tuesday 30 October 2012

Straumann to cut jobs as Europe sales slow

ZURICH (Reuters) - Swiss dental implant maker Straumann said it would cut roughly 150 jobs to improver margins as it grapples with sluggish demand in Europe. Straumann posted a 4 percent rise in third-quarter sales to 156.8 million Swiss francs ($167.41 million), compared to an average estimate in a Reuters poll of 158 million. The dental implant market was hit hard by the financial crisis and has been further hamstrung by the euro zone debt crisis as cash-strapped Europeans worried about the downturn cut back on non-essential dental treatment. ... via Health News Headlines - Yahoo! News Read More Here..

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