Q2 Loss Prompts Presstek Job Cuts

HUDSON, NH—Digital printing equipment specialist Presstek is reducing its workforce by 10 percent following a second quarter that saw the company lose more than $40 million. The cuts will result in the loss of about 60 jobs. According to the Connecticut Post, this move and other initiatives will save the company $10 million per year. Much of the second quarter loss was related to two non-routine charges.