Layoffs Part of Presstek’s Improvement Plan

Presstek has unveiled a business improvement plan that targets $20 million in annual operating profit improvements. Of that total, $10 million will be saved via operating expense reductions, including a 9 percent cut in its workforce.

Operating expense reductions will also include the centralization of North American product warehousing and distribution activities at its Des Plaines, Ill., location. Certain customer care activities will be consolidated into its headquarters in Hudson, N.H.