Hutchinson Technology Inc.

March 9, 2011 at 3:02AM

Headquarters: Hutchinson, Minn.

CEO: Wayne Fortun

Business: Makes suspension assemblies for hard disk drives and a medical device; disk drive components make up 99 percent of revenues.

Founded: 1965

Ticker: HTCH

In the news: Announced plans Tuesday to cut 700 to 900 jobs. Before those cuts, the company reported 2,275 employees in 2010 compared with 5,547 in 2005.

Revenues: $347.2 million in 2010 compared with $631.6 million in 2005.

Net income/losses: Loss of $58.9 million in 2010 compared with a profit of $54.9 million in 2005.

Source: Star Tribune records, Bloomberg

about the writer

about the writer

More from Business

See More
card image
Fairview Health Services

The school is changing an elective course while still working with the Eden Prairie-based health care giant after students raised concerns.

This transmission electron microscope image shows SARS-CoV-2, the virus that causes COVID-19, isolated from a patient in the U.S., emerging from the surface of cells cultured in the lab. (NIAID/TNS) ORG XMIT: 1659810
card image