Qiagen (QGEN) announces a restructuring plan that will include in an 8% to 10% reduction in its...

|About: Qiagen N.V. (QGEN)|By:, SA News Editor

Qiagen (QGEN) announces a restructuring plan that will include in an 8% to 10% reduction in its workforce and a charge to be taken in Q4. The plan is expected to generate annual pre-tax cost savings of approximately $50M beginning in 2012. The company says there will be no impact on its FY11 outlook.