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 26.11 - Manufacture of electronic components
860 jobs Number of planned job creations
Announcement Date
5 December 2017
Employment effect (start)
5 December 2017
Foreseen end date
31 December 2020
Description
The Austrian subsidiary of the German semiconductor manufacturer Infineon Technologies announced to create 860 new jobs at its sites in Villach, Graz and Linz. The unsuccessful takeover of Wolfspeed (USA) has left the company with excessive financial capacities which now will be invested in expanding business in Austria. Infineon will invest €40.1 million in expanding its production site in Villach, thereby creating 350 new jobs. Branches in Graz and Linz will also increase their workforce with 510 workers by 2020 to prepare the company for a growing demand in semiconductors with a worldwide increase in electromobility.
However, presently the company is already facing difficulties in meeting a growing demand in skilled workforce. Currently, 200 jobs for electric engineers, computer and natural scientists are vacant. According to the company almost one quarter of the workforce must be recruited from abroad.
Sources
5 December 2017: Die Presse
5 December 2017: Kurier
Citation
Eurofound (2017), Infineon Technologies Austria AG, Business expansion in Austria, factsheet number 92845, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92845.
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