Infineon Technologies

Type
Internal restructuring
Country
Germany
Region
Bayern; Oberbayern; München, Kreisfreie Stadt
Location of affected unit(s)
München, Nürnberg, Salzgitter
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
200 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/64335.