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Raytheon Co Announces Reorganizing, To Save $85 Million; To Cut 200 Jobs-Reuters


Monday, 25 Mar 2013 07:31pm EDT 

Reuters reported that Raytheon Co will pare its business units down to four starting on April 1 to boost productivity and lower costs, resulting in annual savings of about $85 million and the elimination of 200 jobs. The changes will not affect its financial outlook for 2013, which foresees a drop in earnings of up to 12%. 

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11 Jul 2014