Teradyne Axes Semiconductor Employees Print E-mail
User Rating: / 0
PoorBest 
Written by Robin Norvell   
Wednesday, 13 July 2005 05:59

BOSTON -- Teradyne Inc. is laying off 400 employees, or approx. 7% of its workforce, with the cuts falling on the semiconductor test unit. The division produced nearly half of Teradyne’s net bookings in the first quarter, according to a release published by the Boston Business Journal.

The company did not immediately specify what locations would be affected. In June it sold its PCB manufacturing unit in North Reading, MA, to a division of Solectron.

Teradyne expects to complete the current layoffs by the end of the year, and said it would record severance charges of approximately $12.7 million and $4 million, respectively, for the third and fourth quarters.


blog comments powered by Disqus
 

Columns

An Early Spring?

The second half of 2011 is behind us, literally and figuratively.

Read more...
 
‘An End-to-End Solution for Assembled HDI Rigid-Flex’

Multi-Fineline Electronix (MFLEX) and AT&S last week announced an agreement to share their respective printed circuit board technologies. Under the agreement, AT&S's high-density interconnect (HDI) rigid PCBs and MFLEX's flex board capabilities will be offered to respective customers, and the two will partner on rigid-flex technology.

MLFEX executive and PCD&F columnist Jay Desai spoke with editor-in-chief Mike Buetow about the new partnership.

Read more...
 

Features

SMT Stencils from a Production Perspective

Is the slew of new materials, coatings and processes truly unique, or just the same old hype?

Read more...
 
Implementing Good Test Coverage and Eliminating Escapes

Experimental data reveal a strong correlation between SPI and AXI.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

Custom Products & Services Offers Work Benches
These modular work benches offer quality and versatility for work areas that include network labs, assembly areas, shipping stations, security and command consoles, or as computer repair benches. Can...