LayoffBlog.com

December 11, 2008

Advanced Energy to cut 7 percent jobs

According to Reuters: “Advanced Energy Industries Inc, a maker of power conversion and control systems, said it plans to reduce its global workforce by 7 percent to cut costs and expects a related charge of about $1.9 million in the fourth quarter.”

“Advanced Energy said it will be eliminating 114 jobs, “across all functional areas and geographies” and that the move would increase the total tally jobs cut by the company in 2008 to 185.”

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: