By Katherine Hamilton
Cohu plans to consolidate its operations and cut jobs in a restructuring effort expected to cost up to $7.2 million in 2025.
The semiconductor-equipment manufacturer plans to consolidate certain operations based in Switzerland and Germany to lower costs, it said in a Monday filing. Cohu plans to transition some manufacturing to other locations with lower costs.
It also plans to cut jobs in the U.S. and Asia.
Cohu expects pre-tax charges from those efforts to be $6.1 million to $7.2 million. The charges are expected to be recorded throughout 2025 and will be incurred by Cohu's semiconductor test and inspection segment.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 24, 2025 17:32 ET (22:32 GMT)
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