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Semiconductor Equipment Maker Varian Plans Job Cuts.(Originated from The Boston Globe)
Knight Ridder/Tribune Business News, August, 1996 by Auerbach, Jon
Aug. 16--Despite strong earnings and recent expansion, Varian Associates Inc., a manufacturer of semiconductor equipment, said yesterday it would lay off about 10 percent of its Gloucester plant work force.
A spokesman for Palo Alto, Calif.-based Varian said flagging chip sales had led the company to fire 99 of the Gloucester unit's 1,100 workers. The unit, known as Ion Implant Systems, makes equipment used to produce semiconductors. The employees affected are primarily assembly line workers, according to Gary Simpson, a company spokesman.
The slowdown of the chip industry "has finally worked its way to the semiconductor equipment sector," Simpson said. "It's purely a matter of not having enough assembly work for all the assemblers we have on staff."...
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