Not a whole lot of explanation to go with this particular mass layoff story. Here is a local Oregon television station with the details:
The Portland office of a German semiconductor company is laying off 350 people because of low demand for a certain type of silicon wafer.I guess there isn't really a whole lot else to say.
Production of the 150 mm silicon wafer in Portland will stop in fall, Siltronic announced Friday. The company called demand for the wafer "permanently low."
About 750 people currently work at the Portland location. Those affected by the layoffs will get severance packages, a company spokesman said.
According to its website, Siltronic opened the Portland location in 1979.
Bonus: This story does give me a chance to post another song from outstanding Portland indie rock band, Typhoon