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Article: Advanced Energy Announces Additional Cost Reduction Actions; Consolidates Select Manufacturing Operations; Further Reduces Headcount.
- Article from:
- PR Newswire
- Article date:
- October 22, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. 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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FORT COLLINS, Colo., Oct. 22 /PRNewswire/ --
Advanced Energy Industries, Inc. (Nasdaq: AEIS) today announced additional cost reduction actions in response to the sustained downturn in the semiconductor industry and global economy. Advanced Energy is an industry-leading provider of critical technology solutions for the manufacture of semiconductors, data storage products, and flat panel displays.
(Photo: http://www.newscom.com/cgi-bin/prnh/20000609/AEISLOGO )
Doug Schatz, chairman and chief executive officer said, "We have implemented several tiers of our cost reduction program as the environment dictated over the past seven months. The ...