Camtek reports additional cost-reduction measures, cuts 14 per cent of worldwide work force or 68 employees

Article Type: Industry news From: Circuit World, Volume 35, Issue 2

Camtek have announced that it is implementing additional reduction of its global work force by 68 employees. This reduction represents about 14 per cent of the company’s current total workforce of 480. “We believe that the continuing severe global slowdown require us to be more conservative and monitor our business expenses and cash resources,” said Rafi Amit, Camtek’s CEO. “While implementing this reduction plan, we remained focused on preserving our R&D capabilities in order to position ourselves for the future recovery of our markets.”

For further information, please visit the web site: www.camtek.co.il