Samsung Austin Semiconductor plans to cut 550 jobs from its Northeast Austin manufacturing operations starting on or about Oct. 18, according to a notice submitted by the company to the Texas Workforce Commission Tuesday.
The company did not immediately provide a list of job categories affected.
Samsung has said that many of the job cuts would affect equipment operators at Fab 1, which will be shut down on or about Oct. 18. But spokesman Bill Cryer acknowledged that other job classifications, including engineers and technicians also will be affected.
Samsung informed workers of the impending shutdown of Fab 1 last Friday. The company expects to spend $500 million renovating and re-equipping the older chip factory to become a part of the newer Fab 2, which is inext door to Fab 1.
Fab 1 began producing chips in 1997. Fab 2, which is much larger and far more automated, started production in 2007.
Fab 2 makes flash memory chips used in smart phones, portable media players and other consumer devices.
When the renovation is complete, Samsung said it expects to hire 150 to 200 workers next year to work in the expanded Fab 2.
Source : Statesman
[tags : recession bankrupt collapse retrenchment financial news collapse stagnation economic slowdown financial collapse world recession global recession layoff job cut]
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