Friday, January 16, 2009

AMD will reduce the nine per cent of the staff.

Manufacturer of microprocessors and graphics cards AMD intends to reduce the nine per cent of staff, says The Inquirer, referring to the memorandum, which the workers presented on 15 January.
The employees of American and Canadian corporations will be reduced salary. Wages leaders will be reduced by 20 per cent reduction in the salaries of ordinary employees will be less.
In December, AMD has already lowered the forecast of revenue in the fourth quarter to 1.2 billion dollars. That is 25 percent lower quarterly earnings a year earlier.
In addition, for a long time the company bears the loss. Net loss for the third quarter of 2008 was 67 million dollars. In 2007, the figure stood at 396 million dollars.

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