Oxford Instruments issues profit warning and cuts jobs

Oxford Instruments is to cut 120 jobs in the UK as part of restructuring measures aimed at improving efficiency and cutting costs. The UK company also issued a profit warning for the first six months. Shares in the company fell by 25p to 202.5p ($3.23) on news of the two developments.

Oxford Instruments is to cut 120 jobs in the UK as part of restructuring measures aimed at improving efficiency and cutting costs. The UK company also issued a profit warning for the first six months. Shares in the company fell by 25p to 202.5p ($3.23) on news of the two developments.

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