Assembléon to Cut 29% of Workforce
Published: 01 October 2008
by Mike Buetow
EINDHOVEN, NETHERLANDS РAssembl̩on will reduce its worldwide headcount by 210 positions, or 29%, in response to the downturn in the global economy and the placement equipment market, the company said today.
The proposed plans would drop the company's global workforce to 510, from its current 720. Included in the cuts would be 135 positions in the Netherlands, where the company currently employs 390 workers.
Assembléon has asked its Works Council for advice on the proposed headcount reductions and will help affected employees find new positions, the company said in a press release.
The moves are being made to help the firm become "structurally profitable while maintaining its technology leadership."
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