News
SAN JOSE -- Flextronics will lay off up to 30% of its staff in Beijing, according to local media reports.
The EMS company will also close its Beijing R&D center, China Tech News today reported, quoting an unnamed company source.
TOKYO – Equipment sales this year are expected to be $30.91 billion, says SEMI.
The company’s forecast indicates, following 5.7% market growth in 2007, the equipment market will decline almost 28% in 2008.
HELSINKI – Elektrobit will lay off 170 staff worldwide as part of a restructuring plan aimed at saying €10 million per year.
EB will also cut certain programs and reduce some subcontracting.
The measures come on the heels of an October announcement in which the company said it would cut 42 jobs as part of a plan to cut costs by €30 million a year.
During the second half of 2008, EB will take up to €5 million in nonrecurring restructuring costs and write-offs related to the layoffs.
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