By Bill Zeeble, KERA News
http://stream.publicbroadcasting.net/production/mp3/kera/local-kera-817359.mp3
Dallas, TX – Dallas computer chip power Texas Instruments is cutting up to 34-hundred jobs. Some employees will be bought out. Others laid off. Most will be from here. KERA's Bill Zeeble has more.
TI says it hopes to buy out 16-hundred workers. It will lay off another 1800. Spokesperson Kim Morgan says the move is driven by the bad economy.
Morgan: These job eliminations are crucial to the company cost structure, so we have resources to drive future profitable growth.
Of the 34 hundred jobs affected, 2-thousand are in Dallas. And most of those are layoffs. Texas Instruments earned a small profit in the 4th quarter of 2008, but that profit was down more than 85 percent from last year.