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Aug 71 min read

Infineon Announces Job Cuts and Relocation Plans

Infineon plans to slash 1,400 jobs worldwide and move 1,400 positions to nations with cheaper labour costs. The job layoffs will effect several hundred positions at the Regensburg factory in Germany. CEO Jochen Hanebeck affirms that no forced redundancies have occurred in Germany.

These moves are part of a cost-cutting plan previously announced by the corporation.


The job cuts would mostly affect several hundred employment at Infineon's facility in Regensburg, a city in southern Germany, as previously stated. CEO Jochen Hanebeck reassured staff that there will be no involuntary layoffs in Germany following the presentation of the company's most recent financial results.

 

  • Infineon to cut 1,400 jobs globally and relocate 1,400 positions to countries with lower labour costs.

  • Several hundred roles at the Regensburg plant in Germany will be affected by the job cuts.

  • CEO Jochen Hanebeck confirms no forced redundancies in Germany.


Source: REUTERS

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