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Atmel plans 11-day fab shutdown

16 December 2008 | By Mark Osborne | News > Cleanroom

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Atmel 200mm fab, Rousset, France As part of new cost reduction strategy, Atmel Corporation is to stop production at its semiconductor fabrication facilities in Colorado Springs, Colorado and Rousset, France for 11-days. The company noted that a headcount reduction of 200, previously announced and affecting workers in France had been completed.

However, the current economic environment meant that Atmel would also make an 11% reduction in its North American workforce as well as a 10-day shutdown for non-manufacturing employees.

Atmel made the announcements at the same time as lowering fourth quarter 2008 revenue guidance, which it expects will be down 12% to 18%. Atmel posted $400 million in revenues for the third quarter of 2008.

The workforce reduction is expected to make approximately $18 million of savings on an annualized basis and charges of approximately $4 million related to severance pay in the fourth quarter.

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