Stay Curious. Stay Connected.
MailNewsletters♡Donate Now
Sign up
*Password must be at least 8 characters and contain one uppercase letter, one lowercase letter, one number and one symbol.
Already have an account?
By submitting, you consent that you are at least 18 years of age and to receive information about MPR's or APMG entities' programs and offerings. The personally identifying information you provide will not be sold, shared, or used for purposes other than to communicate with you about MPR, APMG entities, and its sponsors. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.
Sign in to your profile
Forgot Password?
New to MPR News?
Welcome back
to news
for you
Reset Password

Enter the username on file and we'll send you a code to reset your password.

Still require assistance or not sure what your User Name is?
Welcome back
to news
for you
Email Verification

A verification code has been emailed to

Still awaiting the code?
Ambar Espinoza
Collegeville, Minn.

Hutchinson Tech says layoffs, plant closing helped company break even

Go Deeper.

Create an account or log in to save stories.

Like this?

Thanks for liking this story! We have added it to a list of your favorite stories.

Disk drive component maker Hutchinson Technology says the company broke even in the latest quarter primarily through layoffs and the closing of a plant in the past year.

In a conference call for investors, company leaders said Hutchinson Technology will move forward in 2010 with a stable financial position and a sizeable chunk of debt reduced. The company's gross profit improved from $17.1 million a year ago to$ 17.5 million this year.

Next year, the company plans to spend $15 million to establish its Thailand assembly operation. That plant is expected to keep costs low and improve the company's competitiveness.

The company, which is the city of Hutchinson's largest employer, has been hit hard by the major downturn in the market for personal computers. The company has cut more than 40 percent of its Midwest workforce since last fall.