Spansion to Delete 3,000 Jobs

Flash memory manufacturer Spansion will cut its global work force by 35%, or about 3,000 jobs.

Sunnyvale, California-based Spansion said the cuts will take place mainly at manufacturing sites.

Spansion expects to save about $225 million yearly after the job cuts, but incur charges of $25 million during the first half of this year.

In January, Spansion said it was looking at strategic alternatives that could include selling itself or merging with a similar company.