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
1,100 jobs Number of planned job losses
Announcement Date
14 February 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
AMD, a US-based global supplier of integrated circuits for personal computers, has announced that it will reduce the global workforce of 15,000 by cutting 1,100 jobs in a bid to tackle the current economic crisis. AMD will also cut employee salaries: top manager wages are to be reduced by 20%, senior staff members will see their salaries reduced by 15 % and lower-rung staff can expect cuts of between 10 and 15 %. AMD said that the salary reductions are temporary.
Sources
14 February 2009: Právo
: ()
Citation
Eurofound (2009), Advanced Micro Devices (AMD), Internal restructuring in World, factsheet number 68263, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68263.
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