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.

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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.