The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
200 jobs Number of planned job losses
Announcement Date
26 October 2006
Employment effect (start)
Foreseen end date
Description
Semiconductor company Infineon Technologies announced on 26 October 2006 its plans to cut 400 jobs worldwide in its communication sector of which 200 jobs shall be cut at its German sites in München, Nürnberg and Salzgitter.
This was said to be a consequence of the bankruptcy of BenQ which negatively affected Infineons business. To avoid redundancies the company said it is trying to find jobs for the employees affected at other sites of the company as well as in outsourced subsidiaries.
Sources
26 October 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), Infineon Technologies, Internal restructuring in Germany, factsheet number 64335, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64335.
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