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International Rectifier Corp. Layoffs

Messages relating to layoffs at International Rectifier Corp. are presented below the company info.

International Rectifier Corp.

Company information:

Industry/Area of Activity:
Semiconductors
Company Stock Ticker:
IRF
Stock traded at:
NYSE
Industry Code:
9576

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Posts regarding layoffs at International Rectifier Corp.

Go to thread Anonymous297, Monday 11/11/13 19:39:09 UTC

Frequent

layoffs are frequent at IR - mostly small layoffs, but frequent, i would not worry too much, focus on what you need to do and move on
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Go to thread Anonymous, Wednesday 09/25/13 20:21:23 UTC
I have been with IR for more than 7 years - I am happy here and I'd love to retire here - but, I heard we will be going thru layoffs and I am scared now. Live is full of surprises.
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Go to thread In 2009, Wednesday 09/25/13 20:21:11 UTC
Seems like the doomsday has arrived for the El Segundo-based maker of computer chips, International Rectifier. The news is not good for the employees of International Rectifier. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm International Rectifier, has decided to go for International Rectifier Lay offs or International Rectifier Job Cuts. International Rectifier Layoffs How many employees may be fired by International Rectifier layoffs? The news is that around 850 employees will be made jobless at International Rectifier. How many employees does International Rectifier have? The total no. of employees at International Rectifier is around 4,500 full time total work force globally. Around 600 of them are in El Segundo. Any news of previous layoffs by the company No. There is no news about any previous layoffs by International Rectifier. Any plants or locations being closed by International Rectifier? It is learnt that the cuts will include a research and development facility in El Segundo that employs about 70 people. The El Segundo fabrication plant will close in stages through December 2010, and the work will move to Temecula factory. Which locations will be affected by the International Rectifier Layoffs? The research and development facility in El Segundo will be affected. Which segment of employees will be affected by the International Rectifier layoffs The administrative staff at the headquarters will be affected.. How much savings can be made by International Rectifier Layoffs? Around $33 million USD a year are expected to be saved by the company. When will the International Rectifier layoffs happen Around 50% of the total layoffs are already complete and the job cuts are reported to begin in July. Any severance package for the affected employees? Yes. Company has mentioned that around 10 million $ will be the cost for severance package for the laid off employees. What are the primary reasons of International Rectifier Layoffs Primary reason is the declining market sales and economic downturn. Any other news about International Rectifier? As per DailyBreeze News,Consolidation of work from another production facility in Newport, Wales, will save an additional $8 million a year.
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Go to thread Potential Layoffs, Thursday 09/27/12 04:05:04 UTC
I have been with IR for more than 7 years - I am happy here and I'd love to retire here - but, I heard we will be going thru layoffs and I am scared now. Live is full of surprises.
Reply to this post | This thread: 3 views | No replies yet

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