The company said that it will offer severance and other benefits to the affected employees, and it estimates that its financial results for its fiscal 2009 second quarter ending March 29, 2009 will include $5 million to $13 million of asset impairment charges, severance charges and other costs related to the closure of its Sioux Falls facility.
Kathleen Skarvan, president of Hutchinson Technology’s disk drive components division, said: This was a difficult decision, and we understand the impact it will have on our employees, their families and the communities they live in. It is important to note that this closure is not a reflection on the employees or the performance of the Sioux Falls operation.
This is a strong team of employees who have a variety of skills in manufacturing, technical and support functions. Their experience in producing quality products would be an asset to any employer, and we will work with the South Dakota Department of Labor as they provide job search and other assistance to our employees during this difficult time.
This article is from the CBROnline archive: some formatting and images may not be present.
CBR Online legacy content.