National Semiconductor will lay off 1700 people shut down two factories

Semiconductor manufacturers Semiconductor semiconductor (National) local time on March 11, 2009 announced that it will lay off about 1700 people in the world. Announced the same day as of 09 quarter March 1st results show that sales for the same period last year, a decrease of $292 million 400 thousand, operating profit of $72%, a decrease of $30 million 300 thousand, compared with the downturn. Orders fell by 25% over the previous quarter. The company will cut costs with sales cuts to ensure profits.

National Semiconductor in accordance with the needs of the market to reduce the scale of production, ready to shut down the United States, Arlington (Arlington), the former factory and Suzhou, China, the post process plant. So the two factories will cut the total of 875 employees. In addition, plans to reduce the global manufacturing, sales, marketing and customer service departments 850. The cost of implementing the plan will be 160 million to $180 million.

After the completion of this series of cost reduction strategies, the number of employees is expected to be reduced to about 4800 national semiconductor. Before the process of manufacturing base will focus on the United States of Maine, South Portland and British Scotland and Malaysia Malacca Greenock procedures after the factory 3.