Type
Internal restructuring
Country
Austria
Region
Location of affected unit(s)
Villach and other
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26 - Manufacture of computer, electronic and optical products

370 jobs
Number of planned job losses
Job loss
Announcement Date
25 July 2008
Employment effect (start)
25 July 2008
Foreseen end date
31 December 2009

Description

Due to accumulated losses of its chips manufacturing subsidiary Qimonda, the international semiconductor producer Infineon Technologies has launched a redundancy and saving programme called IFX 10+. According to this programme, 3,000 of the current 43,000 jobs at Infineon and its subsidiary Qimonda are to be cut all over the world. These redundancies are planned to affect all sites, employee groups and hierarchical layers. As a consequence, also the Austrian subsidiary, Infineon Technologies Austria, with its main plant located in Villach, will be affected. On 25 July 2008, Monika Kircher-Kohl, the Austrian subsidiary’s CEO, announced the planned dismissal of 370 (120 regular workers and 250 temporary agency workers) of the current c. 2,900 employees working in Austria by the end of 2009. In order to mitigate the consequences of the lay-offs for the individuals concerned, some financial compensation has been negotiated with the works council, Ms Kircher-Kohl stated.


Sources

  • 25 July 2008: Börse-Express
  • 25 July 2008: Wirtschaftsblatt
  • 25 July 2008: Die Presse

Citation

Eurofound (2008), Infineon Technologies, Internal restructuring in Austria, factsheet number 66937, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66937.