October 3, 2007 |
The chief executive of International Rectifier Corp. resigned Tuesday, becoming the third and highest-ranking executive to leave the El Segundo-based company amid an internal investigation of accounting irregularities. The semiconductor company, whose energy-saving chips can be found in Sony's PlayStation 3 video game console, had placed CEO Alex Lidow on leave Aug. 30. Company spokesman Graham Robertson declined to state a reason for Lidow's departure.
August 31, 2007 |
International Rectifier Corp., an El Segundo-based chip maker, said Thursday that Chief Executive Alex Lidow had been placed on paid leave pending completion of an internal investigation into accounting irregularities. General Counsel Donald Dancer was named acting CEO. The move followed the dismissal in July of the company's chief financial officer.
January 25, 2003 |
El Segundo-based electronic component maker International Rectifier Corp. will lay off approximately 600 workers, or about 10% of its worldwide workforce, and close five plants as the technology sector continues to struggle through a rut. Officials would not disclose Friday which of the company's 14 plants -- in California, New England, Mexico and several European countries -- would shut down until employees were notified next week.
December 24, 2002 |
International Rectifier Corp., an El Segundo-based semiconductor maker, said costs for job cuts, plant closings and write-downs will cut second-quarter earnings by $180 million to $210 million. International Rectifier didn't say how many jobs were being cut but said severance costs will be about $20 million to $25 million, more than the $15 million to $20 million previously announced. The company is cutting jobs and consolidating factories to reduce expenses.