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Camtek reduces workforce by 14%
18 February 2009 | By Mark Osborne | Recruitment News
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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."