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 - Manufacture of computer, electronic and optical products
European Globalisation Fund (EGF)
Year: 2009, Case number: 23
3,000 jobs Number of planned job losses
Announcement Date
13 October 2008
Employment effect (start)
Foreseen end date
Description
Qimonda, an affiliate of German Infineon and a global memory supplier, plans to cut 3,000 out of 12,200 jobs in Germany and the USA. As of October 2008, there is no information on when the job losses will be implemented by. The job cuts are part of a large restructuring aimed at reducing the global workforce of 12,200 by 25% to compensate for severe financial losses. 1,500 jobs will be cut in Germany and some 1,500 in the US. Qimonda is one of the largest global producer of dynamic random access memory (DRAM) for a wide variety of applications.
Sources
14 October 2008: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2008), Qimonda, Internal restructuring in World, factsheet number 67233, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67233.
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