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.
27 Articles
27 Articles
The chip manufacturer Infineon from Bavaria wants to cut around 2,800 jobs or relocate them abroad, to so-called low-wage countries. Staff meetings announced in Munich and Regensburg.
Infineon Cuts Jobs and Revenue Guidance After Q3 Miss
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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.
At the German chip manufacturer Infineon, 2800 jobs may disappear. Infineon is cutting around 1,400 jobs and is looking for a further 1,400 employees elsewhere in the company.
The crisis in the tech sector is also affecting Infineon: Thousands of jobs are either lost or relocated to low-wage countries.
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