Tech manufacturer Barco to slash costs

July 24, 2008 Belgian imaging technology group Barco -- which makes equipment from digital cinema projectors to broadcast studio screens -- has launched a $50 million cost-cutting plan as it attempts to battle the global economic slowdown and weak U.S. dollar. More job cuts are expected after the group announced results that disappointed expectations for two quarters in a row. The company said the rollout of digital cinema was taking longer than expected because of economic conditions.

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