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Trikon to Cut 400 Jobs
Sep 2002
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."

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