top of page

Infineon Announces Job Cuts and Relocation Plans

  • Writer: tech360.tv
    tech360.tv
  • Aug 7, 2024
  • 1 min read

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

Technology increasingly permeates every facet of our lives, making informed decision making an essential pursuit. We bridge this gap by combining the precision of AI with the irreplaceable discernment of human expertise. Our team produces rigorous product reviews that offer unique insights, honest critiques, and trustworthy recommendations. We also leverage AI to synthesise complex news from reliable sources into clear, actionable updates, ensuring that every story is carefully fact checked by our editorial staff before publication. Accuracy remains our priority. Should you identify any discrepancies, please contact us at editorial@tech360.tv. Your feedback is a vital part of our process in maintaining the high standards our readers deserve.

Tech360tv is Singapore's Tech News and Gadget Reviews platform. Join us for our in depth PC reviews, Smartphone reviews, Audio reviews, Camera reviews and other gadget reviews.

  • YouTube
  • Facebook
  • TikTok
  • Instagram
  • Twitter
  • LinkedIn

About Us

Privacy

Disclaimer

info@tech360.tv

© 2021 tech360.tv. All rights reserved.

bottom of page