Agere Systems, the semiconductor business recently spun off from Lucent Technologies, announced Friday that it would slash an additional 4,000 jobs to cope with a downturn in the communications market.
The move comes on top of the 2,000 jobs the company said in April it would eliminate. After the job cuts are complete, the company's total work force will be about 12,500 employees.
As part of its restructuring, the company is looking for a buyer for its chip fabrication plant in Madrid, Spain, where it expects to discontinue operations by the end of the year and which accounts for one-quarter of the job reductions.
It is also reviewing its manufacturing capacity at its facilities in Orlando, Fla., and Allentown, Breinigsville and Reading, Pa. Agere will also consolidate several satellite manufacturing sites as well as leased corporate offices.