LayoffBlog.com

According to Forbes, AP: “ON Semiconductor Corp. (nasdaq: ONNN) said Wednesday it is racheting up cost-cutting measures, including laying off about 1,500 employees and accelerating a series of scheduled factory closures this year. It also lowered its revenue outlook for the fourth quarter.”

According to insider info: “Senior executives will be forced to take a total of six weeks unpaid time off in the first half of the year. Other employees will be taking a total of four weeks unpaid time off in the same period or asked to work a four-day work week.”

This entry was posted on Wednesday, January 7th, 2009 at 5:23 pm and is filed under Manufacturing, Technology, US. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.