Caliper Consolidates Cal. Ops.
Caliper Life Sciences Inc. of Hopkinton plans to spend $3.7 million this year to achieve $3.3 million in cost savings by consolidating its west coast operations.
In the consolidation, the company plans to lay off 13 of its 33 west coast employees. The remaining employees will move from the company's Mount View, Calif. location to its facilities in Alameda, Calif.
The cost of the consolidation effort comes from $400,000 in employee severance and retention costs, $2.7 million in facility abandonment charges and a first-quarter severance and retention charge of between $500,000 and $650,000.
The company, which makes tools and technology, and provides services and research to the drug discovery industry, said it expects to report its first quarter financial results May 8.
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