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 26.2 - Manufacture of computers and peripheral equipment
700 - 900 jobs Number of planned job losses
Announcement Date
14 January 2013
Employment effect (start)
Foreseen end date
Description
NXP Semiconductors has announced plans to lay off 700 to 900 of its employees in an attempt to reduce costs in its support services. More specifically these job cuts will affect the company’s IT department, its supply chain as well as its planning and administration units.
According to the company, these job reduction measures have become necessary due to the overall economic situation, including an increase in competition. They form part of a restructuring plan affecting mostly workers in Western Europe, with some job cuts to be expected in the US and Asia.
The definite number of job cuts is not yet clear as the company is currently discussing its plans with a number of European works councils. Although some compulsory redundancies might be unavoidable, NXP will try to encourage voluntary redundancies as well as a non-renewal of temporary contracts.
Despite these announced job cuts, NXP intends to create 180 new positions, mainly in its R&D department. The company, which originally formed part of Philips, currently employs around 24,000 staff worldwide. In 2009, the company has reduced its staff levels by 5,600 employees worldwide (see Factsheet 11687).
Sources
21 January 2013: Electronicsfeed
14 January 2013: PC World Australia
Citation
Eurofound (2013), NXP, Internal restructuring in World, factsheet number 74790, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74790.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
