ON Semiconductor to cut jobs in Pocatello, worldwide
ON Semiconductor will eliminate 250 jobs worldwide, including some in Pocatello, by the end of September, a company spokeswoman said Monday.
The jobs being cut are non-manufacturing positions, spokeswoman Anne Spitza said. She could not confirm how many people in the Gate City will lose their jobs.
In a statement to Local News 8 and Eyewitness News, Spitza says the company is being forced to take actions to reduce its overall cost structure as a result of a slower environment of growth.
The company expects its second and third quarter earnings reports to be similar because of current global economic uncertainties and conservative ordering trends from customers.
The statement also says, “During the second quarter of 2012, a cost reduction program was executed within our SANYO Semiconductor Products Group that resulted in a headcount reduction of approximately 10 percent within that division. A similar right-sizing of spending and staffing is also underway within the company’s other business divisions and non-manufacturing departments, to align expenses and capital investments to the slower growth environment.”
Notifications to affected employees are underway and should be finished by the end of September.
ON Semiconductor employs about 20,000 people around the world.
