Fairchild to Close Plants, Cut Up to 15% of Workforce (original) (raw)

Fairchild Semiconductor International Inc., one of the chip industry’s oldest companies, will close aging plants and cut as much as 15 percent of its workforce as it shifts production to outside manufacturers.

Factories and some production lines will be closed in West Jordan, Utah; Penang, Malaysia; and Bucheon, South Korea, the company said in a statementBloomberg Terminal yesterday. The closures may affect up to 15 percent of Fairchild’s about 9,000 employees, spokesman Bruce Fienberg said. The total number of job cuts hasn’t been fixed, he said.