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Material | June 15, 2007

Rogers reduce workforce

Rogers Corporation is about to launch a restructuring programme.
The business unit Custom Electrical Components within Rogers Corporation is planned to go through a major restructuring programme. The workforce and other costs will be subjected to a major reduction plan to cut costs. Program terminations in the portable communications market has accelerated at a greater pace than expected and combined with a reduced outlook for future market demand this will result in significant employee reduction and may cause impairment of related assets. How many of Rogers employees who will lose their jobs is yet unknown.
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