EMCC European Monitoring Centre on Change

Applied Materials

Company/Organisation:
Applied Materials

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Number Employed: 15900
Group: Applied Materials

Employment Effects

Announcement Date: 04-11-2002
Planned Job Reductions min: 1750
Planned Job Reductions max: 3750
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-11-2002
Foreseen End Date: 01-01-2003

Additional Information

Applied Materials is a supplier of semiconductor fabrication solutions worldwide. The realignment plan (17/03/2003) includes the elimination of approximately 2,000 positions or 14 percent of the Company's global work force. Approximately 1,400 positions in Applied Materials' North America operations will be affected and the majority of notifications will occur at the end of the second fiscal quarter. The remaining 600 positions will be eliminated at other locations worldwide by the end of the Company's fourth fiscal quarter of 2003.