Closing of Israeli microchip plant may have macro effect
The Israeli government is setting up a team to try to save the Micron plant in Kiryat Gat and keep its 1,300 employees on the job.
Last Thursday, 1,300 employees at Micron Technology's microchip fabrication plant in Kiryat Gat were notified that the factory was slated to be sold or closed. Micron told employees layoffs aren’t expected in the near future, but if a buyer isn’t found for the factory by 2015, everyone will be out of a job.
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