TITLE

AMIS announces closures, job cuts for Q1

AUTHOR(S)
Taylor, Colleen
PUB. DATE
February 2007
SOURCE
Electronic News;2/5/2007, Vol. 53 Issue 6, p54
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of semiconductor manufacturer AMIS Holdings Inc. to implement job cuts and design center closures despite posting positive financial results for the fourth quarter of 2006. The company's restructuring plan includes a workforce reduction of a maximum of 85 employees worldwide and closure of design centers in Israel, the Netherlands and California. It expects to save $10 million when the plan will be fully implemented by the end of the first quarter of 2007.
ACCESSION #
24020619

 

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