Cutbacks at Boston Acoustics; Results Up Elsewhere
It's a season of mixed results in the electronics industry. On April 9, Peabody, MA–based Boston">http://www.bostonacoustics.com">Boston Acoustics announced that it has slashed jobs due to a slow fourth quarter, reducing its workforce from 389 to 327 as a result of slowing sales. The loudspeaker manufacturer expects earnings of more than $4.2 million for the year ending March 31, a figure that puts the company in a profitable position despite a loss of close to $1 million for the final quarter.