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Novellus trims executive salaries as equipment demand lags

28 June 2007 | By Mark Osborne | Recruitment News

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Novellus Systems has said that due to weakening semiconductor equipment industry demand expected in the second-half of the year it is undertaking new cost controls.  These controls will include a reduction of executive salaries for the remainder of 2007 and will undertake operational shutdowns in both the third and fourth quarters.

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