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Article: Stats ChipPAC Introduces Restructuring Plan.
- Article from:
- Entertainment Close-up
- Article date:
- December 28, 2008
CopyrightCOPYRIGHT 2008 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ENTERTAINMENT CLOSE-UP-28 December 2008-Stats ChipPAC Introduces Restructuring Plan(C)2008 - CloseUpMedia - newsdesk@closeupmedia.com
Stats ChipPAC, a semiconductor test and advanced packaging service provider, announced a restructuring plan to better align its operations with business outlook as a result of the global semiconductor downturn.
Since the middle of 2008, the Company said it has taken a number of actions to reduce its operating costs. These included productivity improvements, material cost reduction and reduction in capital expenditure. The Company has also reduced labor costs through attrition and hiring freeze, mandatory shutdown and ...