Online information source for semiconductor professionals
Mattson reduces workforce by another 20%
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
â??Velocityâ?? the new buzzword in Intelâ??s PQS annual awards - 12 April 2012
Applied Materials adds Jim Rogers to Board of Directors - 29 April 2008
TSMC honors suppliers at annual Supply Chain Management Forum - 03 December 2008
Mattson Technology is to make further cost reductions with moves to greater outsourcing and a workforce reduction of approximately 20%. The job losses will occur this quarter, the company said. The company had previously announced 80 job losses, equivalent to a 14% reduction in its workforce in September, 2008 due to the downturn in capital equipment spending.
David Dutton, President and Chief Executive Officer said in a statement regarding the latest round of cuts that; "the recent tightening of the credit market has resulted in an unprecedented reduction in semiconductor capital equipment order flow.”
Mattson expects charges in the range of US$3.0 million to US$4.0 million and guided a new break-even level in a revenue range of US$42 million to US$47 million.