Analogic to fire 70 workers after business declines

PEABODY, Mass. (Bloomberg) — Analogic Corp., which makes fetal monitors and electronic
parts for magnetic resonance imaging systems, is firing 70 workers, or 4 percent
of its employees, after business declined. Most of those cut are recently hired
workers, the company said in a release distributed by Business Wire. The Peabody,
Massachusetts, company said the jobs were being eliminated because customers are
seeing declines in their business.