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Article: Stats ChipPAC Introduces Restructuring Plan
- Article from:
- Wireless News
- Article date:
- December 28, 2008
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Wireless News
12-28-2008
Stats ChipPAC Introduces Restructuring Plan
WIRELESS NEWS-December 29, 2008-Stats ChipPAC Introduces Restructuring Plan (C)2008 10Meters - http://www.10meters.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 ...