The struggle to return to financial health is going to be much longer and harder than Nixdof Computer AG had hoped, and the company on Friday reported that it made a DM148 – $75m pre-tax loss in the first quarter of 1989, and that the trend was continuing this quarter. The losses were on sales up 7%; Nixdorf has reduced its payroll by 1,100 since November, and cost of production is up only 6% against 10% this time last year. It hopes its cost-cutting measures will lead to operating profit in the second half but a full-year profit looks unlikely.
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