Texas Instruments will dismiss 12 % of the personnel
American IT - the industry considers victims of crisis
the Second-large American manufacturer of microchips Texas Instruments declared reduction of 12 % of the personnel. Reductions will manage the companies in 300 million dollars, further it and other actions for decrease in costs should give annual economy in 700 million dollars, have counted up in Texas Instruments. Planned mass reductions already declared Intel, and the German manufacturer of computer chips Qimonda belonging to concern Infineon has informed one of these days on the bankruptcy.
from - the second-large manufacturer in the USA computer chips Texas Instruments (TI) should dismiss 3,4 thousand employees for sharp falling of profit - 12 % from total number of the personnel. In concern it is declared that current quarter, probably, becomes unprofitable. “ we do not count on fast revival of market conditions “ - the head of company Rich Templton has declared. Because of recession in the market of mobile phones and in IT - branches net profit Texas Instruments has failed in the fourth quarter 2008 on 86 % and has made 107 million dollars have negatively affected on profits and expenses for company re-structuring. As have informed in a staff - apartment TI in Dallas, the concern gain has decreased on 30 %, to level in 2,5 mlrd dollars (1,9 mlrd euro).
planned mass reductions of workplaces in the different countries of the world declared lately also other manufacturers of computer chips, for example the leader of branch Intel, and the German manufacturer of computer chips Qimonda belonging to concern Infineon has informed one of these days on the bankruptcy. However, taking into account preliminary preventions of analytics expected from TI weaker indicators so the concern action has reacted at first growth in dobirzhevoj to trade almost to 5 %, and then during the day its cost has decreased on 1,5 %, to value in 14,77 dollars
1,8 thousand employees Texas Instruments will be dismissed on grounds of redundancy, and 1,6 thousand more employees will write the application at own will. To concern it will manage in 300 million dollars Further as have counted up in the company, these and other actions for decrease in costs should give annual economy in 700 million dollars profit and gain Falling is noted in all divisions Texas Instruments. In a segment of chips for mobile phones the concern has problems also from - for competition growth: such clients as Nokia, tend to practice of expansion of a circle of the suppliers more and more. The part of the capacities in this sector TI already sells.
Texas Instruments also is the world leader on release of the analogue and integrated processors. However business has failed and in this segment. However, Rich Templton is assured that “ these directions become pledge of future growth TI “. Following the results of 2008 as a whole, the concern net profit has decreased more than on 25 %, to 1,9 mlrd dollars, and a gain - on 10 %, to 12,5 mlrd dollars As to the current first quarter on it Texas Instruments predicts a gain from 1,6 mlrd to 2,1 mlrd dollars concern Losses in the first quarter 2009 can reach from 0,11 dollars on the action.