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.