Via News Release
“Hutchinson Technology (Nasdaq: HTCH) today announced a manufacturing consolidation and restructuring plan intended to help the company achieve its goal of being the lowest cost manufacturer of suspension assemblies.
Under the plan, the company will consolidate its Hutchinson, Minnesota components operations into its operations in Eau Claire, Wisconsin. The company’s site in Hutchinson will continue to serve as its corporate headquarters and its center for research and development and other specialized operations.
The consolidation and restructuring effort includes a 30-40% reduction of its current U.S. workforce, which totaled approximately 2,275 at the end of February. “