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ON Semi to phase out manufacturing in E. Greenwich

Posted: 05 Dec 2003 ?? ?Print Version ?Bookmark and Share

Keywords:on semiconductor? power semiconductor? data management semiconductor?

ON Semiconductor, a manufacturer of power- and data-management semiconductors and standard semiconductor components, has decided to phase out manufacturing operations at its facility in East Greenwich, Rhode Island by year-end 2004. During the next year, the company plans to transfer the East Greenwich production to its lower cost manufacturing facilities outside of North America.

The discontinuation of manufacturing at the company's 209,000 square-foot facility in East Greenwich will result in the reduction of approximately 330 jobs and is expected to give rise to a restructuring, asset impairment and other charge of $15- to $20 million in the fourth quarter of 2003. As a result of these actions, the company expects to realize manufacturing cost savings of $20 to $25 million during 2005, as compared to the annualized costs for the third quarter of 2003.

This decision impacts only the manufacturing operations in Rhode Island. The company plans to maintain and develop its 100-employee design and business support operations in the Rhode Island area.

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