Oce reports strong profit fall in US

Printer maker Oce opened the second quarter reporting season on Thursday, announcing a sharp drop in profits in the US.

Oce said second quarter earnings had fallen by 70% to €5.5m on sales down 9% at nearly €705m.
The company announced a further €50m cost cutting programme involving the loss of 600 jobs, on top of the already ongoing €80m revamp.

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