Layoff Totals for US Companies Message Board

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From: peppe51	1/15/2009 8:40:08 AM
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undisclosed....Ametek Cuts, Investors Stay Ruthie Ackerman, 01.14.09, 05:05 PM EST Electronics maker cuts staff and earnings outlook, but shares are steady. Ametek Inc. 01/14/2009 6:40PM ET As order rates at Ametek slow, the manufacturer of electric motor and aircraft monitoring equipment, is taking a hatchet to its costs in order to save money. On Wednesday Ametek (nyse: AME - news - people ) guided to the lower end of its fourth-quarter profit forecast range and said it will take a restructuring charge of $38.0 million to $40.0 million for the quarter. But Ametek’s lowered guidance still beat analysts’ expectations of earnings of 64 cents per share in the fourth quarter. forbes.com

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