Online information source for semiconductor professionals

Brooks Automation plans 5 percent staff reduction

14 February 2008 | By Síle Mc Mahon | Recruitment News

Popular articles

New Product: Applied Materials new EUV reticle etch system provides nanometer-level accuracy - 19 September 2011

Oberai discusses Magma’s move into solar PV yield management space - 29 August 2008

‚??Velocity‚?? the new buzzword in Intel‚??s PQS annual awards - 12 April 2012

Applied Materials adds Jim Rogers to Board of Directors - 29 April 2008

New Product: ASML Brion‚??s Tachyon MB-SRAF enables OPC-like compute times - 19 September 2011

In its recent financial results release, Brooks Automation’s CEO Robert J. Lepofsky announced the company’s intention to cut 5% of its workforce by March 1st. With a current staff of approximately 1,900, this announcement will see almost 100 job losses, but will mean accrued savings of between $12 and 15 million for the company. 

Mr. Lepofsky also hinted that there could be further job cuts during the year, in a further effort to reorganize management and cut costs.

“We have also identified the potential that will accrue from additional reductions that will be made throughout the balance of the calendar year as we continue to transition to new and more effective ways of working inside Brooks,” said Lepofsky in the company’s latest earnings call.

By Síle Mc Mahon

Related articles

600 employees to transfer from Brooks to Applied Materials - 06 November 2006

Chasing the $100 million Fab Automation Business - 01 March 2002

Advanced Energy cuts 7% of workforce amid 4Q08 guidance revision - 12 December 2008

New Product: ‚??Marathon 2 Nano‚?? platform from Brooks offers OEM tool size reductions - 22 January 2009

Leveraging Factory and Tool Automation to Deliver High-Volume, High-Mix of Qualified Product - 01 June 2000

Reader comments

No comments yet!

Post your comment

Please enter the word you see in the image below: