SMT & Inspection | November 16, 2008
Orbotech to cut 150 employees
Israel based optical inspection firm Orbotech plans to cut staff by approximately 150.
According to sources to the Globes, Orbotech plans to lays of 150 employees and is currently preparing a list of staff to cut. The company has to make further cutbacks due to the difficult business situation at the moment. Orbotech also recently has consummated the acquisition of Photon Dynamics, a provider of test and repair systems for the liquid crystal (LCD) flat panel display (FPD) industry.