Online information source for semiconductor professionals
Camtek reduces workforce by 14%
18 February 2009 | By Mark Osborne | Recruitment News
Popular articles
Voltaix names Peter Smith as CEO - 09 November 2011
Sematech Litho Forum: Sematech mulling multi-beam mask writer effort - 12 May 2010
TSMC hosts 2008 Green Forum on ‘green’ factories - 31 October 2008
Oberai discusses Magma’s move into solar PV yield management space - 29 August 2008
TSMC honors suppliers at annual Supply Chain Management Forum - 03 December 2008
New cost cutting measures have been announced by Camtek that include the loss of an additional 68 employees or approximately 14% of its global workforce. The optical inspection specialist noted the continuing slowdown in its markets as the reason to implement the latest cost reductions.
"We believe that the continuing severe global slowdown require us to be more conservative and monitor our business expenses and cash resources," said Rafi Amit, Camtek's CEO. "While implementing this reduction plan, we remained focused on preserving our R&D capabilities in order to position ourselves for the future recovery of our markets."