BUZZ-Oxford Instruments: Down on news of job cuts
** Oxford Instruments (LSE: OXIG.L - news) falls 9.3 pct, after co cuts 7 pct of workforce or 160 jobs, as trade sanctions hit sales in Russia and recovery in Japan proves slower than expected
** Co, which makes maintenance systems and parts for CT and MRI scanners, says plan included closure of six of its smaller sites
** Says estimates cost savings of around 8 mln stg this financial year, higher than the 6 mln pounds it earlier expected to add to its operating profit 2015/16 onwards
** Stock biggest percentage loser on the FTSE All Share Electronic Equipment Index and the FTSE All Share Index (Messaging: noor.hussain.thomsonreuters.com@reuters.net)