Brief: Rubicon Technology shutdown of Penang facility

Rubicon Technology

13/09/2016 13:04

Sept 13 (Reuters) - Rubicon Technology Inc  RBCN.O  
    * Shutdown of Penang facility will result in workforce 
reduction of approximately 145 employees 
    * Severance costs estimated to be about $870 thousand and 
are expected to be recognized in Q3 with majority of cash 
payments made in Q4 
    * Expects to record non-cash charge of between $7 - $10 
million for write-down of fixed assets 
 
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