Entegris to cut 200 jobs and close plant
As reported by Saint Paul, Minnesota-based Pioneer Press, Entegris, Inc., a supplier to the semiconductor and electronics industry, has announced it will close the larger of its two manufacturing plants in Chaska, MN, cutting 200 jobs, as the company shifts work closer to its Asian customers.
The closure of the plant will affect about 7 percent of Entegris’s worldwide workforce of 2,900 employees, and more than a quarter of the company’s 750 employees in Chaska, where its headquarters are located.
The layoffs will not take place until well into the first quarter of 2009 and will result in annual savings of $6 million to $8 million starting in 2010, company officials said. In the meantime, though, Entegris will incur charges of about $15 million related to the plant closure over the next four quarters.
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