Flexible Electronics News

Spansion Announces Reduction in Force

Approximately 3,000 employees globally affected

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Spansion announced that it is reducing its global work force by approximately 3,000 employees, or 35 percent. The majority of the positions affected are at Spansion’s global manufacturing sites, as the company resizes the organization due to current market conditions. This action is taken in an effort to further reduce costs as Spansion continues its restructuring efforts and explores various strategic alternatives. “The global recession is forcing us to make this very difficult d...

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