STMicrolelectronics to cut more operations

STMicroelectronics is said to close or sell another 10 - 15% of its European operations.

June 02 2008, 11:24 AM

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ComponentsAccording to the Financial Times, the company is said to plan to sell a maximum of 5 of its 30 production facilities, with decisions still pending. STM is also planning to outsource around 20% of its production within the next two years, CEO Carlo Bozotti told the Financial Times.

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