February 17, 2009 (FinancialWire) -- Camtek Ltd. (NASDAQ: CAMT) (Current Market Cap: US$9.97 Mil.) said that it is implementing additional reduction of its global work force by 68 employees. This reduction represents about 14% of the company's current total workforce of 480.

Company CEO Rafi Amit said, "We believe that the continuing severe global slowdown require us to be more conservative and monitor our business expenses and cash resources."

Amit added, "While implementing this reduction plan, we remained focused on preserving our R&D capabilities in order to position ourselves for the future recovery of our markets."

Israel-based Camtek designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek's automatic inspection systems are used by manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry.

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