Micron Trims Workers Amid Chip Glut

Sadighi, Lalee
October 2008
Red Herring;10/9/2008, p1
Trade Publication
The article reports that semiconductor company Micron Technology plans to decrease its work force by 15 percent to counter losses from declining demand. It states that the global economic credit crisis and government bailout of U.S. financial giants is about to take a huge toll on information technology (IT)-related companies with contracts in these Wall Street institutions. Micron said the restructuring is expected to save the company about $175 million in 2009, after spending about $60 million on the effort.


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