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Job cuts: Infineon is cutting hundreds of jobs in Regensburg

Job cuts: Infineon is cutting hundreds of jobs in Regensburg

The semiconductor company confirms the first job cuts. It’s about hundreds of jobs. However, the conversion should take place without any redundancies for operational reasons.

The chip manufacturer Infineon has confirmed the first job cuts as part of its announced austerity program. Hundreds of jobs are to be lost in Regensburg. The Bayerischer Rundfunk had previously reported on it.

After weak figures, Infineon lowered its forecast for the current year and announced the savings program – but without giving any details.

“The workforce was informed on May 7th that the changes would affect a mid-three-digit number of jobs in Regensburg,” said a spokesman. However, the restructuring should take place without redundancies for operational reasons: through natural fluctuation, partial retirement and voluntary termination agreements.

So far, Infineon has around 3,100 employees in Regensburg. Sources said that production will be particularly affected by job cuts. The spokesman emphasized that Regensburg would “continue to play an important role as an innovation location”.

Source: Stern

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