Advanced Micro Devices (AMD)

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
1,100 jobs
Number of planned job losses
Job loss
Announcement Date
14 February 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

AMD, a US-based global supplier of integrated circuits for personal computers, has announced that it will reduce the global workforce of 15,000 by cutting 1,100 jobs in a bid to tackle the current economic crisis. AMD will also cut employee salaries: top manager wages are to be reduced by 20%, senior staff members will see their salaries reduced by 15 % and lower-rung staff can expect cuts of between 10 and 15 %. AMD said that the salary reductions are temporary.

Sources

  • 14 February 2009: Právo

Citation

Eurofound (2009), Advanced Micro Devices (AMD), Internal restructuring in World, factsheet number 68263, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68263.