ESC Medical's Board Approves Restructuring Plan
YOKNEAM, Israel, Sept. 24 -- ESC Medical Systems Ltd. announced that its board of directors has approved a comprehensive restructuring program. The company plans to align its cost structure with its revenue capabilities while capitalizing on the market potential of its laser-based medical products, including those products in various stages of development and regulatory approval.
The restructuring plan was developed by a senior management team working together with the consulting firm of McKinsey & Co. The bulk of the plan is scheduled to be implemented by the close of the first quarter...Read full article
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Published: September 1999