Cohu Plans 7% Headcount Reduction, With Half From US And Europe And Half From Asia - Filing
Benzinga · 02/24 22:27
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On February 19, 2025, the Company approved and began executing a strategic restructuring program designed to reposition its organization and improve its cost structure.
As part of the 2025 Restructuring Program the Company plans on consolidating certain operations that are currently based in La Chaux-de-Fonds, Switzerland, and in Kolbermoor, Germany, respectively, into other lower cost locations owned by the Company.
As a result of the activities described above, the Company expects to recognize total pretax charges, consisting primarily of severance and other termination benefits, in the range of $6.1 million to $7.2 million.
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