Spansion lays off 500, continues to keep eye on manufacturing expenses

Deffree, Suzanne
June 2008
Electronic News;6/9/2008, Vol. 54 Issue 23, p12
Trade Publication
The article reports that Spansion Inc. has announced 500 job cuts as part of its reorganization to cut costs and increase productivity. In the first quarter of the current fiscal year, Spansion implemented a $52 million reduction in manufacturing service expenses with foundries and subcontractors. Spansion claimed that with better factory utilization, the company has been able to reduce its workforce and lower costs while maintaining its focus on technology development and serving its customers.


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