Ajay Pathak » earnings http://ajaypathak.com Wed, 07 Sep 2011 08:19:11 +0000 en hourly 1 http://wordpress.org/?v=3.1 STMicro reports quarterly loss, lays off 4,500 http://ajaypathak.com/2009/01/stmicro-reports-quarterly-loss-lays-off-4500/ http://ajaypathak.com/2009/01/stmicro-reports-quarterly-loss-lays-off-4500/#comments Thu, 29 Jan 2009 16:05:16 +0000 Ajay Pathak http://ajaypathak.com/2009/01/stmicro-reports-quarterly-loss-lays-off-4500/ Europe’s largest chipmaker, STMicroelectronics, has reported a $366 million net loss for the fourth quarter of 2008, and has said it will lay off as many as 4,500 jobs in a cost-cutting drive.The results for the European firm were released on Tuesday. The fourth quarter of the previous year saw a net income of $20 million. It is not yet known how many of the layoffs will take place in the UK–STMicro employs just over 430 employees in the UK, with a sales office in Marlow and research and development sites in Bristol, Edinburgh, Fleet and Daventry.

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