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Byline: The Register-Guard

CITY/REGION

Micron plans layoffs at plant it's buying

Micron Technology Inc.'s deal to buy Toshiba Corp.'s computer memory-chip factory in Virginia includes plans to lay off an undetermined number of the plant's 1,700 workers, a spokesman for the plant said.

Toshiba expects to complete the sale to Boise-based Micron by January, the Washington Times newspaper reported. The sale will include the assets, land, buildings and equipment in Manassas. Terms were not disclosed. The factory makes dynamic random access memory chips.

Layoffs are expected at the Manassas plant, but the number has not been determined, a Toshiba spokesman said. The plant's 1,700 workers include employees and contract workers.

Hynix Semiconductor Inc., owner of the Hynix DRAM plant in west Eugene, said it is continuing its talks with Micron about a possible alliance, despite Micron's decision to buy the Manassas plant.

OREGON

Merger talk raises Willamette shares

PORTLAND - Willamette Industries Inc. shares rose 7.2 percent Wednesday after the company said it's ready to talk to rival paper and lumber maker Weyerhaeuser Co. about its $7.76 billion hostile bid, breaking a yearlong impasse.

The shares rose $3.51 to $52.08. No decision on the proposal is expected before its board reconvenes in the first week of January, Willamette said Tuesday.
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Title Annotation:Business
Publication:The Register-Guard (Eugene, OR)
Geographic Code:1USA
Date:Dec 20, 2001
Words:218
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