TITLE

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

AUTHOR(S)
Deffree, Suzanne
PUB. DATE
June 2008
SOURCE
Electronic News;6/9/2008, Vol. 54 Issue 23, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
32714521

 

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