Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20 - Manufacture of chemicals and chemical products

300 jobs
Number of planned job losses
Job loss
Announcement Date
18 November 2004
Employment effect (start)
18 November 2004
Foreseen end date

Description

Siltronic, the German manufacturer of silicon wafers, is planning to cut around 300 jobs in the field of administration in Germany. In particular, the company's site in Burghausen is expected to be affected. The reason for the plans is that there has been a sharp decline in business on the semiconductor markets. The company claims its will to avoid redundancies if possible.


Sources

  • 19 November 2004: Financial Times Deutschland

Citation

Eurofound (2004), Siltronic, Internal restructuring in Germany, factsheet number 60812, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60812.