STMicroelectronics Announces Further Efforts to Restructure

(May 16, 2005) Geneva, Switzerland &#8212 STMicroelectronics (ST) is planning on additional efforts to restructure in hopes of recovering profitability in the disappointing Q1 2005 aftermath. The moves reposition the company’s cost structure in the competitive industry environment &#8212 characterized by the slowing growth rate of demand, which particularly impacts European-based companies.


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