Chip makers' supplier ASML cuts 1,000 staff
ASML Holding NV, a key supplier to Intel Corp. and other computer chip makers, said Thursday it is slashing 1,000 jobs _ more than 10 percent of its global work force following a plunge in orders.
By Agencies |
AMSTERDAM: ASML Holding NV, a key supplier to Intel Corp. and other computer chip makers, said Thursday it is slashing 1,000 jobs _ more than 10 percent of its global work force following a plunge in orders.
The company also warned that its fourth quarter sales would be between euro450 mn and euro500 mn ($633-703 mn), down from the euro530 mn the company projected on Oct. 15.
`Never before have we witnessed such a sharp and sudden falloff in lithography system demand,'' said chief executive officer Eric Meurice.
Most of the job cuts will be among staff on temporary contracts at ASML's headquarters in the central Dutch city of Veldhoven and at a manufacturing plant in Wilton, Conn. A training site in Tempe, Ariz., will be closed.
The company said it plans to shut down production facilities for a total of four weeks spread over the first half of 2009.
The company also warned that its fourth quarter sales would be between euro450 mn and euro500 mn ($633-703 mn), down from the euro530 mn the company projected on Oct. 15.
`Never before have we witnessed such a sharp and sudden falloff in lithography system demand,'' said chief executive officer Eric Meurice.
Most of the job cuts will be among staff on temporary contracts at ASML's headquarters in the central Dutch city of Veldhoven and at a manufacturing plant in Wilton, Conn. A training site in Tempe, Ariz., will be closed.
The company said it plans to shut down production facilities for a total of four weeks spread over the first half of 2009.
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