Data capture hardware firm Intermec (IN) says it will cut 170 jobs, or 7% of its workforce, as...

|By:, SA News Editor

Data capture hardware firm Intermec (IN) says it will cut 170 jobs, or 7% of its workforce, as part of a restructuring plan that it expects will result in $19M-$21M in annual cost savings. The company expects to record one-time charges of $8M-$9M related to its moves. Intermec issued a huge Q1 warning in April.  (PR)