TITLE

National Semi consolidates manufacturing, plans to cut 26% of workforce

AUTHOR(S)
Deffree, Suzanne
PUB. DATE
March 2009
SOURCE
Electronic News (10616624);3/16/2009, Vol. 55 Issue 11, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that National Semiconductor Corp. has announced plans to cut 1725 jobs and consolidate its manufacturing operations to reduce overall expenses and shift more of its R&D investments toward new growth opportunities. National Semi's fiscal Q3 sales decreased approximately 36% from the $453 million reported for fiscal Q3 2008. As part of the cost-cutting plan, the company will close its assembly and test plant in Suzhou, China, and its wafer fabrication plant in Arlington, Texas.
ACCESSION #
37355300

 

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