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Quotes & Info
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| FORM > SEC Filings for FORM > Form 8-K on 16-Jan-2009 | All Recent SEC Filings |
16-Jan-2009
Costs Associated with Exit or Disposal Activities
On January 13, 2009, FormFactor, Inc. announced a global reorganization and cost reduction plan. As part of the plan, the company will reduce its workforce by 22%. The plan is designed to lower the company's cash breakeven level in order to enable the company to sustain itself financially in the current market environment. FormFactor expects to incur approximately $8 million in charges, which the company will record in the first quarter of fiscal 2009 when the activities comprising the plan are expected to be completed. A substantial portion of the charges associated with the cost reduction plan are expected to result in future cash expenditures.
Item 9.01 Exhibits
Exhibit Number Exhibit Title or Description
99.01 Press release dated January 13, 2009.
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