Mattson reduces headcount

Dec. 13, 2002 – Fremont, CA – Mattson Technology Inc., a supplier of process equipment, is implementing additional cost-reduction measures. The company will implement a reduction in force and other cost-savings programs that will affect approximately 25% of its global work force once fully completed.

In 2001, Mattson cut about 30% of its work force.

Additionally, Mattson said it is continuing to consolidate its product lines and operations.

In the third quarter, Mattson posted a loss of $12 million, or $0.27/share.


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