47° CLOUDY, BREAKING NEWS
Agilent to cut 2,700 in large business unit that includes Santa Rosa operation
Local impact to be known in late April; Nersesian promoted
Last Modified: Thursday, March 26, 2009 at 11:44 a.m.
SANTA ROSA, March 26, 2009 -- Agilent Technologies announced today it will cut 2,700 jobs in its Electronic Measurement Group where revenues have fallen 30 percent to their lowest level in 10 years.
- Ukiah’s NTech acquired by Sunnyvale company
- Raydiance introduces new product
- Aethos Technology readies for growth
- Enphase secures new $22.5 million
- Agilent earnings down 25 percent
- PAX technology offers AC breakthrough
- Will this be the jumbotron for the masses?
- Startup Azonde Corp. offers low-cost monitor for smaller waterways
- Autodesk reports fourth-quarter loss
- Autodesk sheds 80,000 square feet in Marin
- Agilent reports revenues off 16%; company to cut 600 jobs worldwide
- Agilent product developed in Santa Rosa receives award
The company also announced that Ron Nersesian, currently vice president and general manager of the Wireless Business Unit, will be promoted to senior vice president and general manager of the global Electronic Measurement Group.
The cuts will be global and Agilent spokesman Jeff Weber said it won't be clear until before the end of April how the local operation will be affected. The 1,350-employee Santa Rosa operation, which includes the Wireless Business Unit, is part of the larger 11,000-employee Electronic Measurement Group that Mr. Nersesian will oversee.
The cuts and other restructuring measures will cost Agilent $160 million and are expected to save $300 million a year.
Agilent also announced that revenue in the semiconductor and board test segment is projected to drop 50 percent from 2008 levels.
"The Electronic Measurement segment has also experienced a downturn, but not as dramatic," said Mr. Weber.
Mr. Nersesian was traveling and not available for comment on his promotion.
All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.
Add a Comment
Only moderator-approved comments are shown on this page. To see all comments, please visit the forum. We at PressDemocrat.com created these forums as a place where our community can exchange ideas on news issues and express their thoughts. Please be courteous and respectful. Avoid expletives, false statements, veiled or overt threats and personal attacks. Stay on topic. (View full Terms of Service.)Post a comment | View all comments on this topic.