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AVX Corporation

(NYSE:AVX) is firing staff from its Jerusalem branch at Har Hahotzvim,

Yedioth Ahronoth

reports. Last week the company dismissed 100 people out of its workforce of 500.

The workers at the Jerusalem facility fear another wave of dismissals. They say that production has decreased sharply.

The parent company reports revenues of about $2 billion a year.

AVX Israel develops, manufactures and markets advanced microelectronic components. The drop in its activity is due to lowered expectations of third-generation cellular technology.