Triad company shedding workers
RF Micro Devices Inc. will cut about 120 jobs at its operations in Greensboro.
The company, which makes various components for the mobile and wireless industries, provided some details on the job eliminations as of Wednesday morning. An official did say that some employees may be able to shift to other positions.
“Although these reductions are difficult, they are necessary to match changes in technology over time, as dictated by customer requirements. RFMD has always utilized a variety of technologies to design products according to specific performance and cost characteristics required by our customers. This allows us to make technology choices that become the foundation of our products and sometimes results in staffing level changes at our various manufacturing locations,” said Brent Dietz, director of corporate communications.
Last week, the Greensboro-based, publicly traded company announced that it had agreed to sell a semiconductor manufacturing facility in Great Britain to Arizona-based Compound Photonics. Terms of the transaction were not disclosed, and it's not clear if that deal relates to the job reductions.
In a statement last week on the sale of its facility, RF Micro Devices said it expected the deal to result in $20
million in annual cost savings, or $5 million per quarter.
RF Micro Devices, founded in Greensboro 22 years ago, is one of Guilford County's larger private employers with about 1,400 workers in Greensboro .