Chartered Semiconductor to cut 600 jobs
Chartered Semiconductor Manufacturing Ltd. said it would cut 600 jobs, about 8% of its global work force, as it swung to a fourth-quarter net loss amid a drop-off in demand and delayed deliveries.
90% of the job cuts announced will be in Singapore, chief executive Chia Song Hwee told BT in a telephone interview.
~News submitted by Steve~
Source: Singapore Retrenchment Blog
