Trikon to Cut 400 Jobs
NEWPORT, Wales, Sept. 5 -- Trikon Technologies Inc., maker of semiconductor processing equipment, said it will reduce its workforce by 20 percent, or 400 employees, as of Sept. 30. The company said the job cuts will save it $1 million per quarter.
"The present poor market conditions and the industry-wide lack of visibility of a recovery mean that it is now appropriate to reduce the quantity, but not the quality, of Trikon's capability to manufacture, ship and support systems," said Nigel Wheeler, president and CEO. "These headcount reductions will be worldwide and in all departments, though product and process developments and the support of strategic programs and system placements will be minimally affected."
For more information, visit: www.trikon.com
LATEST NEWS
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024
- One-Step Hologram Generation Speeds 3D Display Creation
Apr 24, 2024
- Innovation Award Winners for Laser Technology Honored in Aachen
Apr 23, 2024
- Intech 2024: AI Arrives on the Shop Floor
Apr 22, 2024