SAN JOSE, Calif. -- Hit hard by the dowturn, IC-assembly equipment maker, Kulicke & Soffa Industries Inc. has cut 215 more jobs, according to a filing.
''On February 23, 2009, Kulicke and Soffa Industries, Inc. committed to a plan to reduce its global workforce by approximately 215 employees. The company expects that the workforce reduction will be substantially complete by May 31, 2009,'' according to a filing with the U.S. Securities and Exchange Commission (SEC).
''The workforce reduction will result in approximately $12.4 million in annualized savings. In addition, the company will incur pre-tax expense and future cash expenditures of approximately $4.0 million, primarily for severance costs,'' according to the filing.
Amid a loss for the quarter, fab-tool vendor K&S (Fort Washington, Penn.) in November reduced its headcount by 240 positions and scrapped its annual salary increases scheduled for January. Last month, K&S' executives took pay cuts.
Late last month, K&S disclosed another layoff, but it did not elaborate on the numbers, that is, until now.