Reliability cuts 40 from Singapore unit

Nov. 12, 2002 – Houston, TX – Reliability Inc. has reduced its headcount by around 40 employees from its Singapore unit, about 50% of the unit’s workers.

Reliability made the cuts because of continued low demand for services provided by the Singapore unit, which operates a service facility that conditions and tests ICs as a service to other companies, reported Dow Jones.

Reliability said the employees will be let go in November, and the company will record around $100,000 of severance expenses in 4Q ending December 31.

This cut will bring Reliability’s worldwide personnel level to 110 employees.


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