Published 08/05/2024 6:21:00 p.m.

Infineon to cut 1,400 jobs worldwide, relocate another 1,400, says CEO

Infineon will cut 1,400 jobs worldwide and relocate another 1,400 to lower labor cost countries, according to CEO Jochen Hanebeck.
The cuts will affect several hundred positions at the Regensburg plant in Germany.
Hanebeck confirmed there would be no forced redundancies in Germany during a recent results call.

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Reuters

Infineon to cut 1,400 jobs worldwide, relocate another 1,400, says CEO

Infineon will cut 1,400 jobs worldwide and relocate a further 1,400 positions to countries with lower labour costs as part of a previously announced cost savings programme, the German chipmaker's chief executive officer said on Monday.

08/05/2024 6:21:00 p.m.·United Kingdom

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Channel News Asia

Infineon to cut 1,400 jobs worldwide, relocate another 1,400, says CEO

BERLIN : Infineon will cut 1,400 jobs worldwide and relocate a further 1,400 positions to countries with lower labour costs as part of a previously announced cost savings programme, the German chipmaker's chief executive officer said on Monday.The cuts include the cancellation of several hundred positions

08/05/2024 7:11:16 a.m.·Singapore

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Indian Express

Infineon to cut 1,400 jobs worldwide, relocate another 1,400, says CEO

Infineon, which has around 58,600 staff worldwide, narrowed its annual revenue guidance to around 15 billion euros ($16 billion).

08/05/2024 11:08:01 a.m.·India

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Sueddeutsche Zeitung

Infineon must cut or relocate thousands of jobs

The crisis in the tech sector is also affecting Infineon: Thousands of jobs are either lost or relocated to low-wage countries.

08/05/2024 12:32:48 p.m.·Stuttgart, Germany

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Zeit Online

Chip giant: Infineon struggles to get out of the crisis.

Here you will find information on the topic 'Chip conglomerate'. Read now 'Infineon is having a hard time getting out of the crisis'

08/05/2024 6:09:53 a.m.·Germany

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The Print

Infineon to cut 1,400 jobs worldwide, relocate another 1,400, says CEO

BERLIN (Reuters) - Infineon will cut 1,400 jobs worldwide and relocate a further 1,400 positions to countries with lower labour costs as part of a previously announced cost savings programme, the

08/05/2024 7:16:29 a.m.·New Delhi, India

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