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Chip-Maker LSI Logic to Eliminate 1,400 Jobs Globally.

Knight Ridder/Tribune Business News

| January 17, 2002 | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Chris Walsh, The Gazette, Colorado Springs, Colo. Knight Ridder/Tribune Business News

Jan. 17--Specialty chip-maker LSI Logic Corp. said Wednesday it is cutting 1,400 jobs worldwide, including 41 in Colorado Springs, as the company restructures its business to combat the recession and return to profitability.

Most of the job cuts took effect immediately.

The moves further diminish LSI's presence in the Springs and signal the parade of job cuts, cutbacks and closures in the local semiconductor industry have not ended.

Last year, Milpitas, Calif.-based LSI closed its 500-employee local manufacturing plant and another facility in Santa …

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Source: HighBeam Research, Chip-Maker LSI Logic to Eliminate 1,400 Jobs Globally.

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