Cohu launches restructuring; consolidates Swiss/German ops, expects $6.1-7.2M charges

COHU INC

Expects pretax charges of $6.1M-$7.2M for severance/termination benefits, cash-paid in fiscal 2025.
Consolidating operations from La Chaux-de-Fonds, Switzerland and Kolbermoor, Germany into lower-cost locations.
Headcount reductions in U.S. and Asia; negotiations with Swiss and German unions required.
Aims to reduce costs amid extended downturn in semiconductor test/inspection equipment industry.
All charges recognized in Semiconductor Test & Inspection segment.

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