News Article
Fiscal fears hit SEZ
The financial concerns affecting the semiconductor industry have hit Austrian company, SEZ, with at least 80 jobs to go at the company, mainly in the Austrian operations. EuroAsia Semiconductor spoke to Kurt Lackenbucher, Executive VP & Chief Operating Officer who confirmed that the job losses will go ahead.
“Like the rest of the industry, SEZ has felt the impact of global economic changes.” Said Lackenbucher. “We have had to make this decision based on internal movements and a reduction in business activity.”
“This is not unusual for a company such as ours in a cyclical industry,” continued Lackenbucher. “The decision to lose people is always the last resort.”
Lackenbucher pointed out that the losses would have occurred whether SEZ had been acquired by LAM Research Corporation or not and the decision had nothing to do with joint company activities. He did state that there could be a rational of resources and assets down the track as the Austrian company merged with LAM.
“This is not unusual for a company such as ours in a cyclical industry,” continued Lackenbucher. “The decision to lose people is always the last resort.”
Lackenbucher pointed out that the losses would have occurred whether SEZ had been acquired by LAM Research Corporation or not and the decision had nothing to do with joint company activities. He did state that there could be a rational of resources and assets down the track as the Austrian company merged with LAM.
