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Agere to fire 4,000
STAFF WRITER
Friday, Aug 16, 2002, Page 12
US-based telecoms chipmaker Agere Systems Inc plans to quit the optoelectronics business and lay off 4,000 workers, the firm announced Wednesday. By December 2003, Agere intends to slash its workforce from 11,200 to 7,200 as it refocuses on advanced integrated circuits and networking. Company officials cited a crash in the telecommunications sector for its decision. It will shut three US plants and a factory in Mexico to concentrate optoelectronics production in Florida.
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