Mining strategic information from public company filings
Friday, May 1, 2009
Atmel 8K - Reduction in force
On April 28, 2009, the Company began implementing a workforce reduction of approximately 300 employees, or 5% of the Company’s workforce, which the Company expects to complete by the end of the Company’s 2009 second fiscal quarter. The Company estimates that it will incur restructuring charges of approximately $3 million related to cash severance payments.