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ESI to Lay Off 45, Close Massachusetts Facility

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PORTLAND, Ore., March 16, 2015 — Electro Scientific Industries Inc. (ESI) plans to close its facility in Chelmsford, Mass., and lay off about 45 workers. The developer of laser-based manufacturing systems for the microtechnology industry said the move is part of a corporate restructuring meant to save $4.5 million annually. The restructuring will be fully implemented in the last three months of 2015. ESI said it expects to incur about $5.5 million in severance and facility-related costs. Products currently developed and manufactured in Chelmsford will be transferred to the company’s other facilities. ...Read full article

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    Published: March 2015
    BusinessAmericasMassachusettsOregonElectro Scientific IndustriesESILasersindustrialmaterials processing

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