Search
Menu
Zurich Instruments AG - Challenge Us 10/24 LB

Agere Systems to Further Reduce Workforce

Facebook X LinkedIn Email
ALLENTOWN, Pa.- Agere Systems announced it will further reduce its workforce by approximately 950 employees, part of ongoing actions to reduce its cost structure and lower its quarterly break-even level from $900 million to $700 million. Agere previously announced plans this year to eliminate approximately 6,000 jobs as a result of a significant downturn in industry demand for semiconductors. The additional jobs cuts are primarily management positions within Agere's product groups, worldwide sales organization and corporate support functions. After those jobs are cut, Agere will have a...Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    White Papers


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: December 2001
    industrialNews & Features

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.