Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Applied Materials to Cut 2000 Jobs

Photonics.com
Mar 2003
SANTA CLARA, Calif., March 19 -- Applied Materials Inc., supplier of wafer fabrication solutions to the semiconductor industry, has announced it will eliminate approximately 2000 positions, 14 percent of its global work force. Approximately 1400 positions in Applied Materials' North America operations will be affected, and the majority of notifications will occur at the end of the second fiscal quarter. The remaining 600 positions will be eliminated at other locations worldwide by the end of the company's fourth fiscal quarter.

The company said the cuts are part of its plan to align its cost structure with current business conditions.

"The world is changing and the semiconductor industry is changing with it," said James C. Morgan, chairman and CEO of Applied Materials. "Our customers are investing in advanced, complex technologies at the same time that they are under enormous pressure to reduce costs."

The plan involves consolidating facilities in Santa Clara, and in Austin, Texas. The company's facilities in various locations outside the US will also be reduced.

For more information, visit: www.appliedmaterials.com



Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.