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SMT & Inspection | November 21, 2006

Nova to reduce workforce

Nova Measuring is about to cut 8% of its workforce.
Semiconductor metrology specialist Nova Measuring Instruments is reducing its workforce by 8 percent, with research and development groups and production staff set to be the worst affected. It is taking a $300 000 charge in its fourth quarter because of the cutbacks.

"Recently, we have continued the localization initiative, which we began last year. This initiative involved increasing headcount for customer support and sales in specific regions and we are already witnessing the positive results it has generated, as evidenced by our business results in the first nine months of 2006", Gabi Seligsohn, President and CEO of Nova, commented.
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November 11 2018 12:47 pm V11.8.0-1