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Semitool cuts workforce due to delays and order push-outs

25 April 2007 | By Mark Osborne | Recruitment News

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Semitool has said that it has cut its workforce by 7 percent (approximately 92 jobs) in the last quarter. This is due to unforeseen order delays from key customers in both memory and microprocessor markets as well as receiving push-out delivery dates from memory customers by at least two quarters.

The cost reduction strategies also include salary cuts at management level, the company said.

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