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SCITEX TO CUT WORKFORCE IN ISREAL AND ELSEWHERE BY 10%

Scitex Corp Ltd, Herzlia, Israel is to cut its workforce in Israel and abroad by approximately 10% as part of its efforts to lower expenses and intensify the focus its primary market of printing and publishing systems: Scitex is also restructuring and consolidating operations and facilities in Israel and abroad, with development of technology and products for the printing and publishing market being strengthened, while research and development on other applications, and marketing costs, will be reduced.

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