News Article
MEMSCAP Cuts Staff
French microsystem supplier MEMSCAP announced a global reorganisation "in order to better adapt and react to the market evolution". The company is hoping to achieve positive earnings before interest and tax from Q4 this year.
French microsystem supplier MEMSCAP announced a global reorganisation "in order to better adapt and react to the market evolution". The company is hoping to achieve positive earnings before interest and tax from Q4 this year.
Headcount will be reduced throughout the world, including around 40 jobs in France. Staffing would then move from 261 on December 31, 2002 to less than 190 people.
Rather than have five business units, the company will be now organised in three - Components, Modules and Systems; Design and Manufacturing Services; and Sensor Solutions.