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
2,400 jobs Number of planned job losses
Announcement Date
26 January 2025
Employment effect (start)
26 January 2025
Foreseen end date
31 December 2025
Description
American semiconductor company Onsemi has announced a global restructuring plan that will result in approximately 2,400 job cuts in 2025.
A part of the restructuring program, the company will cut about 170 positions in the Czech Republic Onsemi 2025-CZ. On the other hand, the company is planning a giant investment project worth almost CZK 46 billion (€ 1.8 billion). The project is also expected to be supported by incentives from the Czech government and the European Commission.
The layoffs will impact employees across all business divisions as the company adjusts operations in response to market conditions.
The company has been affected by a slowdown in the automotive sector, which accounts for nearly half of its revenue. The restructuring is expected to cost between $50 million and $60 million. Once completed, Onsemi anticipates annual savings of $105 million to $115 million.
Eurofound (2025), Onsemi, Internal restructuring in World, factsheet number 202536, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202536.
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