Monday, July 28, 2008
Infineon has announced to cut more than 10 percent of its workforce as a part of the company's cost-cutting program.
Currently, Infineon employs 29.500 workers at locations in Europe, the USA and Asia, with Munich, Dresden and Villach (Austria) being the largest R&D and production locations for the chip company. The job cuts will hit all sites, functions and levels of the company, the company announced. However, some locations are hit harder than others.
In terms of workforce percentage, the Regensburg fab will suffer the worst: Of a total of 2400 jobs at that location, 600 will be eliminated, Infineon CEO Peter Bauer explained in a conference call with the press. In Regensburg, the company manufactures sensors for automotive applications, smart card modules and packages, and certain communications products.
The Munich headquarters will also be hit hard: 650 of 4400 jobs here will be cut, mostly in administration, sales and marketing and R&D functions. Villach (Austria), where Infineon develops and manufactures power semiconductors, will have to sacrifice 400 of its 2400 jobs. In the company's manufacturing location in Dresden, 650 workers will get pink slips. However, the Dresden job cuts have been announced about two months ago, Bauer said. No additional job cuts beyond these figures will take place in Dresden, he added.
By: DocMemory
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