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
1,680 jobs Number of planned job losses
Announcement Date
14 June 2008
Employment effect (start)
Foreseen end date
Description
According to German FAZ, AMD announced that it is to cut 10% of its global workforce of 16,800 and to significantly change its system of production.
AMD is a California-based global supplier of integrated circuits for the personal and networked computer and communications markets with manufacturing facilities in the United States, Europe, Japan, and Asia.
FAZ says, market leader Intel is putting AMD under pressure. As of June 2008, there is no information on when the job losses will be implemented.
The company says that there will be no direct dismissals at the German plant in Dresden (2800 workers). Instead fixed-term contracts will be terminated.
Sources
16 June 2008: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2008), Advanced Micro Devices (AMD), Internal restructuring in World, factsheet number 66740, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66740.
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