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Applied Materials to Reduce Work Force

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SANTA CLARA, Calif., Nov. 5 -- Applied Materials Inc., supplier of products and services to the semiconductor industry, has announced it will reduce its global work force by approximately 1,750 positions, or 11 percent, due to the continuing downturn in the semiconductor industry. The company will record a restructuring charge in the first fiscal quarter, ending Jan. 26. Employees will be notified starting Nov. 5. About 800 positions at Applied Materials' Silicon Valley operations and 200 positions at the company's Austin, Texas, operations will be affected. The remaining positions are...Read full article

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    Published: November 2002
    MaterialsNews & Features

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