International Rectifier To Shut El Segundo Plant In March

El Segundo-based International Rectifier, a manufacturer of analog, digital, and mixed signal ICs, said it expects to close its El Segundo based fabrication facility by the end of March, 2013. International Rectifier had announced the move in August. IR is also downsizing its Newport, Wales fabrication facility. International Rectifier said the cuts are expected to save it approximately $40M a year, when completed. International Rectifier did not say how many employees are being cut in the move.