Hynix employees react to layoffs

Hynix employees react to layoffs »Play Video
EUGENE, Ore. -- Matt Altmeus is an employee at the Hynix Semiconductor plant in Eugene -- soon to be a former employee.

"There's been a lot of rumors going around," Altmeus said.

The company announced Wednesday it will close the Eugene facility and will lay off all 1,100 people who work there.

"For me, I feel like I have other options," Altmeus said. "But for other people, they could lose their homes and stuff."

After meeting with Eugene officials , the CEO released this statement: "Our fabrication facility in Eugene, which was originally designed to produce eight inch wafer memory chips, can no longer remain competitive in an environment where the industry standard is migrating toward a 12 inch wafer chip."

Employee Sunny Grover said he got the news Wednesday via email.

"What that means is Hynix is not able to compete to with the prices with the competitors that are making the same product on different wages," Grover said.

Eugene Mayor Kitty Piercy said Hynix is not sure just what the company will do with this building but are in contact with several potential partners.

A local job loss of more than a thousand at such a huge facility might come as a shock to many in the community; however, according to Grover and Altmeus, it was no surprise to those who worked inside.

"That's just the nature of the high tech industry," Grover said. "Things change, things adapt, things develop and then the big players decide whether they're going to change of whether they're going to let go."

Hynix has been in Eugene since 1997.