SOUTH PORTLAND — The new owner of National Semiconductor says it won’t be cutting any jobs here.
Texas Instruments Inc. officials were in South Portland this week meeting employees at the former National Semiconductor plant, which has 550 workers. Texas Instruments completed its $6.5 billion purchase of California-based National Semiconductor Corp. last Friday.
Texas Instruments’ senior vice president Kevin Ritchie told the Bangor Daily News that the merger of the former rival companies will result in about 5 percent of National Semiconductor’s worldwide work force being cut due to overlap in sales, administration and general support areas.
But he said none of those cuts will be at the South Portland plant.
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