February 19, 2013 / 12:50 PM / 5 years ago

Intersil to cut 18 pct of its workforce

Feb 19 (Reuters) - Intersil Corp, which makes power management chips used in flat panel displays and DVD players, said it will cut about 18 percent of its workforce as part of a restructuring.

The company said it expects to cut annual operating expenses by about $30 million through the restructuring, which is expected to be completed during the first quarter.

Intersil said it expects to incur a restructuring charge of about $15 million in the first quarter.

It did not specify the number of employees to be affected. Intersil had 1,643 employees as of December 2011.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below