Vishay Intertechnology (VSH) Plans $35M of Cost Cuts
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Vishay Intertechnology Announces $35 Million Global Cost Reduction Programs
August 3, 2015 4:13 PM EDTMALVERN, Pa., Aug. 03, 2015 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive components, today announced global cost reduction programs as part of its continuous efforts to improve efficiency and operating performance.
The programs include a plan to reduce selling, general, and administrative (SG&A) costs company-wide, and targeted streamlining and consolidation of production for certain product lines within its Capacitors and Resistors & Inductors segments. Â The programs in total are expected to lower costs by approximately $35 million annually (at current volumes) when fully... More
