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IN BRIEF / COMPUTERS

Iomega to Cut 120 Jobs to Reduce Expenses

July 27, 2005|From Bloomberg News

Iomega Corp., a maker of data-storage products for computers and networks, said it would cut 120 jobs, or about 30% of its workforce.

The San Diego-based company is cutting jobs and consolidating facilities as part of a restructuring plan to reduce expenses.

The job cuts and other steps will save Iomega as much as $42 million a year, the company said.

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