Nasdaq-listed ASML Holding NV, a key supplier to Intel Corp. and other computer chip makers, has revealed that it expects to reduce its work force by 10 percent—about 1,000 employees—between the fourth quarter of 2008 and the second quarter of 2009.

In addition, the company also plans to shut down production facilities for a total of four weeks, spread out over the first two quarters of 2009.

The Netherlands’ ASML said it expects sales in the fourth quarter of 2008 to be between $623 million and $693 million, down from the $734 million the company projected on Oct. 15.

ASML Holding N.V., through its subsidiaries, engages in the design, manufacture, market, and servicing of semiconductor processing equipment used in the fabrication of integrated circuits.

The stock of the company finally settled the day on Friday at $17.42.