Of the $50 million, about $23 million is related to severance costs and expenses for continuing some employee benefits, the company said. Roughly $13 million is related to contract or program termination costs.Source: Business Week
AMD said further cost reduction actions will result in additional charges during the remainder of fiscal 2009 and beyond, which it said it can't estimate at this time, related to facility consolidations or closures.
AMD to take $50 million restructuring charge
Posted on Friday, Apr 03 2009 @ 19:45 CEST by Thomas De Maesschalck