The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
1,750 - 3,750 jobs Number of planned job losses
Announcement Date
4 November 2002
Employment effect (start)
1 November 2002
Foreseen end date
1 January 2003
Description
Applied Materials is a supplier of semiconductor fabrication solutions worldwide.
The realignment plan (17/03/2003) includes the elimination of approximately 2,000 positions or 14 percent of the Company's global work force. Approximately 1,400 positions in Applied Materials' North America operations will be affected and the majority of notifications will occur at the end of the second fiscal quarter. The remaining 600 positions will be eliminated at other locations worldwide by the end of the Company's fourth fiscal quarter of 2003.
Sources
Citation
Eurofound (2002), Applied Materials, Internal restructuring in World, factsheet number 60251, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60251.
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