| Nordson to Take $7M Restructuring Charge |
 |
 |
| Written by Mike Buetow | |||
| Wednesday, 10 September 2008 11:07 | |||
|
WESTLAKE, OH – Nordson Corp. will take a $7 million charge for severance and other job-cutting costs for its fiscal fourth quarter ending Oct. 31. Nordson, the parent company of Asymtek, EFD, Dage and YesTech among others, will take an additional $13 million charge in fiscal 2009 as it reduces head count in North America and Europe. The cuts, which will include retirements and attrition, are expected to save the company about $30 million annually. Nordson also plans changes to streamline its marketing and sales organizations. In a statement, chairman, president and CEO Ed Campbell said, "In making these changes now, we are being proactive at a time when Nordson is performing well."
|
|||
| Last Updated on Wednesday, 10 September 2008 11:08 |
Columns
| What’s Driving Electronics Packaging and Assembly Trends? |
Multi-die configurations and a switch to copper wires are rampant, and supercomputers are why. |
| Read more... |
| Bridging at Reflow |
What causes it, and can it be eliminated? |
| Read more... |
Features
| Current Trends in Conformal Coatings |
Custom formulations have become the norm. |
| Read more... |
| The Worldwide Industrial Electronics Assembly Markets Defined |
Test, clean energy and process control represent huge potential for EMS. |
| Read more... |
Search
Search
Login
CB Login
Language
Language
Products
Corelis Releases ScanExpress v. 7.7 Boundary Scan Suite
ScanExpress version 7.7 boundary scan tool suite includes improved constraints handling, support for multi-core devices, and new JTAG Embedded Test support for additional Freescale and Texas...
ScanExpress version 7.7 boundary scan tool suite includes improved constraints handling, support for multi-core devices, and new JTAG Embedded Test support for additional Freescale and Texas...
