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December 3, 1987

FOXBORO TO REDUCE WORKFORCE BY 10%

By CBR Staff Writer

Foxboro Co, Foxboro, Massachusetts expects to take a fourth quarter charge of more than $45m in connection with a staff reduction programme that will reduce its 7,500 strong workforce by more than 10%, partly by way of an accelerated early retirement exercise: the industrial controls company lost $23.9m in the first nine months.

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