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Tower Cuts 170 Jobs

MIGDAL HAEMEK, Israel, May 29, 2008 -- Chip maker Tower Semiconductor Ltd. has cut 170 jobs -- about 11 percent of its work force -- as part of plan to reduce costs by $40 million a year. The positions were eliminated primarily in management and support and will save $14 million a year, the company said. Tower has about 1500...Read full article

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