February 24, 2009

Micron Tech To Cut 2,000 Jobs, Close Some Boise Operations

Micron Technology Inc. (NYSE: MU) will cut 2,000 jobs as it phases out 200-millimeter DRAM chip manufacturing operations in Boise, Idaho, by the end of its fiscal year in August.

These layoffs are in addition to a 15% reduction, affecting about 2,850 employees, announced last fall as the company stopped production of some NAND flash-memory chips, which are used to store data in iPods, digital cameras and other devices.

Source: CNNMoney

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