Applied Materials: Four-Week Austin Shutdown; Earnings Tuesday
Applied Materials (AMAT) has notified workers in in Austin, Texas, plant that it will shut down manufacturing operations for four weeks starting June 8, according to the Austin American-Statesman. The newspaper said it believes the company has about 1,750 workers in Austin.
Last week, the company pre-announced results for its fiscal first quarter ended Jan. 25, estimating revenue for the quarter of $1.33 billion, with a loss of 9-11 cents a share. At the time, the company also said that it planned to continue to cut costs, including shutdowns as appropriate.
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