Everlight to lay off employees in Dec.

Based on recent global economic crisis, Stock prices of LED makers, packagers, and fixture makers have declined tremendously over the last few months. Many companies have been forced to take drastic measures to make ends meet. Taiwan LED packager company Everlight is the only one of them.

According to company spokesman Pang-Yen Liu At present, Everlight has decided to start laying off company employees in December. Everlight did not reveal the exact number of employees, but Liu noted that the layoffs would apply to those working at its manufacturing and R&D departments. Despite the economic downturn, the future does look "brighter" for LED industry in coming years as the economy recovers, and incandescent bulb bans and phase-outs begin to take effect in several industrialized countries.

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