Globes: More high-tech cutbacks: Orbotech to lay off 100
Published on Oct 29 2012 // Business and Financial News, Economy
29 October 12 13:18–Sources inform ”Globes” that Orbotech Ltd. (Nasdaq: ORBK) plans to fire 100 employees, including 30 employees in Israel (5% of its workforce in the country). The company has 1,700 employees worldwide, including 600 in Israel. Most of the layoffs in other countries will be in China and South Korea.
“This measure is necessary to adjust the company’s expenses to its revenue, and to keep its leadership,” Orbotech CFO Doron Abramovitch said…Read More>>
