ASML to implement restructuring in the Netherlands
Press release - Veldhoven, the Netherlands, February 20, 2004
ASML Holding NV (ASML) today announced that it would implement the Netherlands segment of its restructuring plan in March, after reaching an agreement with the company’s works council. The restructuring was revealed in July 2003 and has already been implemented in Asia and the US.
ASML will reduce 305 positions in the Netherlands, consisting of contractors and full-time employees. The reduction is approximately 11% of the total Dutch work force and approximately 6% of the global ASML work force. As of December 31, 2003, ASML employed 5,059 people worldwide, with 2,711 people based in the Netherlands.
ASML is the world's leading provider of lithography systems for the semiconductor industry, manufacturing complex machines that are critical to the production of integrated circuits or chips. Headquartered in Veldhoven, the Netherlands, ASML is traded on Euronext Amsterdam and Nasdaq under the symbol ASML.
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