Quest Announces Major Restructuring for 1998

Changes will include staffing reductions, downsizing of several regional laboratories

CEO SUMMARY: Recognizing the reality of laboratory over-capacity in the marketplace, Quest Diagnostics Incorporated intends to align its laboratory capacity with existing specimen volumes. In so doing, it’s taking a progressive step and moving more aggressively than its two national competitors to resolve an issue which impacts the entire industry.

WHEN IT WAS ANNOUNCED last week

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