Job cuts at Wolfson Microelectronics after losing iPod contract
Wednesday, July 30th, 2008As Apple move forward to new heights with the success of their iPod range and their new iPhone bringing them their best ever Q3 results, the flip side of their success is just as impactful. Electronics firm Wolfson Microelectronics had Apple as one of their biggest clients, providing chips for their iPhones and iPod MP3 players.
Wolfson Microelectronics is based in Edinburgh, and they’ve stated there will most likely be job losses as a result of losing the contract with Apple for the chips. The company currently employs 370 staff in its Edinburgh plant.
Dave Shrigley, their chief executive, stated they will be forced to make cut backs and blamed the global economy for the proposed belt trimming measures. Staff are expected to hear about any job losses and cutbacks today.
Dave Shrigley stated:
Our ultimate business is determined by how many systems are sold to consumers. As a result we plan a review of non-research and development costs.
The company’s share price has fallen by 40% this year.









