Anadigics it is implementing cost reduction measures across the company that include the elimination by the end of this week of about 100 jobs, which is approximately a 15% reduction in its workforce worldwide. "With the reduction in workforce and other identified cost reduction actions in process, the company's goal is to achieve a savings of between $15 million and $20 million on an annual basis starting late in the fourth quarter," said Tom Shields, executive vice president and chief financial officer. Anadigics reported third quarter 2008 net sales of $58.1 million and a net loss of $15.5 million.