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Agere Systems to Further Reduce Workforce

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ALLENTOWN, Pa.- Agere Systems announced it will further reduce its workforce by approximately 950 employees, part of ongoing actions to reduce its cost structure and lower its quarterly break-even level from $900 million to $700 million. Agere previously announced plans this year to eliminate approximately 6,000 jobs as a result of a significant downturn in industry demand for semiconductors. The additional jobs cuts are primarily management positions within Agere's product groups, worldwide sales organization and corporate support functions. After those jobs are cut, Agere will have a...Read full article

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    Published: December 2001
    industrialNews & Features

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