ST-Ericsson

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Finland, Belgium, United Kingdom, Switzerland, China
Sector
Manufacturing
(33) Machinery and equipment
33.2 - Installation of industrial machinery and equipment
33.2 - Installation of industrial machinery and equipment
1,000 - 1,700 jobs
Number of planned job losses
Job loss
Announcement Date
23 April 2012
Employment effect (start)
Foreseen end date

Description

Chipmaker ST-Ericsson has announced that it will reduce its headcount by 1,700. The management and the unions hope to limit the net job loss to 400. Close to 700 workers will be transferred to STMicroelectronics and another reduction of 600 jobs may be reached through retirement and not filling vacancies.

ST-Ericsson announced that it will close 5 of its 44 branches. Unions expect these to be plants in Finland, Belgium, Switzerland, the United Kingdom and China.

Sources

  • 23 April 2012: Bloomberg

Citation

Eurofound (2012), ST-Ericsson, Internal restructuring in World, factsheet number 73449, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73449.