ZiLOG Trims Nampa Workforce in Response to Market Trends.CAMPBELL, Calif.--(BUSINESS WIRE)--Aug. 26, 1998--ZiLOG, Inc. today announced that it will reduce its workforce at its Nampa, Idaho Nampa (IPA: [næm pə]) is the largest city in Canyon County, Idaho, United States, and the second largest in the state. Only the capital city, Boise, is larger. , fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. facility by 20 percent, effective Sept. 14, 1998. Both exempt and non-exempt employees are affected. The company said the move was predicated on the soft market for semiconductors, largely resulting from the Asian economic crisis, and the fact that the manufacturing facility currently is operating below capacity. "The company regrets that market conditions necessitate ne·ces·si·tate tr.v. ne·ces·si·tat·ed, ne·ces·si·tat·ing, ne·ces·si·tates 1. To make necessary or unavoidable. 2. To require or compel. taking this step," said Curtis J. Crawford, President and Chief Executive Officer. "However, it is a prudent business decision to align our resources with our needs." Crawford noted that ZiLOG's ability to supply customer demand would not be affected by this move. "We will continue to deliver superior products on-time to meet our customers' needs. That is our number-one priority." All affected employees will receive from four to 10 weeks of severance pay Severance Pay Compensation that an employer gives to someone who is about to lose their job. Notes: Severance pay is not always paid to employees. It depends on the situation in which the employee is losing their job and whether legislation requires severance to be paid. , health benefits through the end of 1998, and employer-paid outplacement out·place·ment n. The process of facilitating a terminated employee's search for a new job by provision of professional services, such as counseling, paid for by the former employer. assistance. Employees who wish to voluntarily participate in the workforce reduction may do so, although the company reserves the right to make a final determination based on business needs. ZiLOG creates embedded Inserted into. See embedded system. and integrated technologies that improve the performance of everyday applications, and focuses on the Communication, Home Entertainment and Embedded Control markets. Crawford joined the company in February 1998 with a commitment to build a "new ZiLOG," a profitable, forward-looking, dynamic company. Over the last months, the company also has announced a corporate restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). to streamline its sales and re-focus its distribution channels. ZiLOG has its headquarters in Campbell and had 1997 revenues of $261.1 million. It employs approximately 1,650 people, has 27 direct sales offices, and has more than 120 distributor and representative locations worldwide. For more information, please visit the company's website at http://www.zilog.com. CONTACT: ZiLOG, Inc. Roberta Bartlett, 408/558-8467 Email: rbartlett@zilog.com |
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