Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

RF Micro Devices will cut 150 employees

Posted: December 16th, 2008 | Author: | Filed under: By Location, USA | No Comments »

RF Micro Devices will cut 150 employees from its Greensboro manufacturing operations in the first quarter of 2009, according to a spokesperson.

Doug DeLieto, vice president of investor relations, said employees were notified Friday of the impending job cuts, which are related to a worldwide reduction in demand for the specialized chips the company manufactures for cell phones and other wireless devices.

DeLieto said there will be additional cuts made at the company’s other manufacturing sites around the world.

“The total will likely be around 250” jobs cuts, DeLieto said, including the 150 in the Triad.

From Business Journal

More on Recession and Job Cuts -

Leave a Reply