Infineon Technologies

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
900 jobs
Number of planned job losses
Job loss
70 jobs
Number of planned job creations
Job creation
Announcement Date
29 April 2003
Employment effect (start)
1 April 2003
Foreseen end date
1 December 2003

Description

Due to the crisis in the sector and in the frame of a corporate restructuring plan 'Impact2', Infineon announced the suppression of 900 jobs world-wide. The restructuring plan contains further decentralisation measures, downsizing and cost cutting in order to spare some 500 million euros in the next four years. Infineon had already suppressed 5000 jobs during the summer of 2001. 2400 employees are working for Infineon in Villach (Austria) and some 2700 in the whole country, the relocation of the AI branche (car and industrial electronics) in Villach could bring the creation of 70 new jobs.

October 2003. Infineon will employ 145 software developers from Siemens.

Sources

  • 30 April 2003: Financial Times Deutschland
  • 29 April 2003: Der Standard
  • 29 April 2003: Infineon - Press release (www.infineon.com)
  • 8 October 2003: Wirtschaftblatt

Citation

Eurofound (2003), Infineon Technologies, Internal restructuring in World, factsheet number 60267, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60267.