Hauppauge electronics maker to shed 50 jobs
SMSC, once known as Standard Microsystems Corp., in Hauppauge. (July 26, 2011) Credit: Danielle Finkelstein
Hauppauge-based SMSC expects to cut about 50 jobs worldwide over the next two months, according to a regulatory filing Wednesday.
SMSC did not say how many of those jobs are on Long Island, and a spokeswoman did not immediately return requests for comment.
SMSC makes integrated circuits and USB and Ethernet controllers for computers, and employs about 1,000 people globally.
The company says the restructuring will save $6 million to $7 million annually. SMSC expects accounting charges of $1 million to $1.5 million related mainly to termination benefits, mostly in the fourth quarter of fiscal 2012, which ends next month, according to the filing.
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