Zygo Corporation, headquartered in Middlefield, announced that it would be reducing its workforce by 7 percent as well as forcing unpaid furloughs and pay reductions for some remaining employees.
In the second quarter of fiscal year 2009, Zygo had net sales of $33.5 million and a net loss of $4.0 million, compared to net sales of $40.4 million and net income of $1.2 million for the second quarter of fiscal 2008.
Tuesday, February 3, 2009
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