Barclay's Says Expect More Announcements Related to Applied Materials (AMAT) Restructoring
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UPDATE: Applied Materials (AMAT) to Trim Up to 9% of Workforce; Sees $180M - $230M Pretax Charge
October 3, 2012 4:34 PM EDT(Updated - October 3, 2012 4:35 PM EDT)
Applied Materials, Inc. (Nasdaq: AMAT) today announced a plan to realign its global workforce and enhance its ability to invest for growth. Applied will implement a voluntary retirement program and other workforce reduction actions that are expected to affect approximately 900 to 1,300 positions, or 6 to 9 percent of its global workforce.
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