Chip firms lay-offs
NZPA-Reuter Santa Clara The National Semi-conduc-tor Corporation, the world’s second biggest electronic integrated circuits maker, has announced the lay-off of 1009 employees, one-tenth of its American work force. The lay-off was regarded by business analysts as another sign that harder times are coming to “Silicon Valley,” the 32km industrial corridor south of San Francsico that forms the heart of the American computer industry. Profits of several American semi-conductor firms, which make the parts for
computers and other electronic instruments have slumped during the last six months. Texas Instruments, in Dallas, the world’s biggest semi-conductor maker, has dismissed 4000 employees this year because of the recession. National Semi-conductor Corporation, which has 10,000 employees in the United States’and 34,000 world wide, said that the lay-offs were needed to reduce costs. The corporation had earlier imposed wage freezes and closed plants temporarily because of slower business.
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Press, 9 August 1982, Page 7
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146Chip firms lay-offs Press, 9 August 1982, Page 7
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