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Coherent cutting over 100 jobs at Newton Aycliffe UK plant by end-May
What happened
Coherent Corp is cutting over 100 jobs at its Newton Aycliffe, UK plant by the end of May. This follows the company's recent restructuring and cost-cutting initiatives after its acquisition by II-VI. Watch: The workforce reduction could signal operational challenges or a strategic shift, potentially tightening supply for its specialized laser and optical components.
Impact and signal
Medium impactImpact score: 65/100
Affected components and suppliers
laser componentsoptical materials
Coherent Corp
layoffsrestructuringsupply-constraint
Source and time
Source: Semiconductor Today · 4/5/2023 · View original source
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