Chip maker Freescale to lay off 100 in Israel
CEO Israel Keshet: The firm is acting with great sensitivity.
Freescale confirmed the report. Freescale Israel president and CEO Israel Keshet said, "The company is acting with great sensitivity, and providing emotional and job-seeking support for the employees."
Freescale posted a profit of $515 million on $5.2 billion revenue in 2008. Keshet recently said, "The crisis in the technology market and the difficulties facing the company in 2009 force a restructuring and global changes, including the consolidation of small R&D centers with bigger ones."
Published by Globes [online], Israel business news - www.globes-online.com - on February 23, 2009
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009
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