Oct 3 Chip gear maker Applied Materials Inc
said it would implement certain workforce reduction
programs, which will affect about 900 to 1300 jobs, or 6 to 9
percent, of its global workforce.
The company expects to record a pretax restructuring charge
of between $180 million and $230 million. It will begin
recording the charges in the fourth quarter of fiscal 2012, with
the remainder during fiscal 2013.
Applied Materials expects to substantially complete the
restructuring plan by the end of the third quarter of fiscal
The plan is likely to result in savings of about $140
million to $190 million annually on completion, the company