Ailing flash maker to axe 3000 jobs
Just a few weeks after the appointment of a new chief executive, flash memory specialist Spansion has announced that it is to lay off 3000 employees – equivalent to 35% of its workforce.
The global redundancies are being implemented in a bid to save $225million annually.
John Kispert (pictured), Spansion’s ceo, said: “The global recession is forcing us to make this very difficult decision in order to bring our costs in line with the current expectations for significantly reduced revenues. We have a responsibility to preserve the value of the enterprise as we pursue our goal of positioning Spansion for a recovery through a restructuring and/or sale.”
