Analog Devices' presence in Limerick in the west of Ireland has been
lessened with the announcement that the fabless company is planning to
cut the jobs of 150 of its 1,100 employees. The news is accompanied by
the announcement that the company plans to phase out and close one of
its sections at this location.
The reason given for the cuts is development within and adherence to
Analog Devices' more advanced processes at the same location. Further
information is available here:
http://www.rte.ie/news/2007/0823/limerick.html
Update - August 24th: The
company released a statement regarding the future development plans,
which will see the company focus manufacturing efforts on 8-inch wafer
production. It foresees closure of the 6-inch production facility by
the end of 2008.
The Irish Times has more information:
http://www.ireland.com/newspaper/finance/2007/0824/1187332465898.html
By Síle Mc Mahon