Advanced Energy to lay off 7%, 100 people

Fort Collins, CO – Advanced Energy Industries Inc. is changing its operations in order to reduce redundancies and better align the company’s recently acquired mass flow controller business within its operating framework. The plan includes manufacturing and facilities consolidations, related headcount reductions of approximately 100 individuals, or 7% of the work force, and stringent discretionary spending restrictions.

The major operational change is the elimination within the next 90 days of the Austin, TX, manufacturing facility for the Aera-brand mass flow controller products. The Hachioji, Japan, facility is able to support business levels higher than current demand and will assume all manufacturing for the mass flow controller business. The Texas location will continue as a support, service, and sales office.

The company expects the cost of these changes to be approximately $3 million, related primarily to severance and lease termination costs.


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