Infineon Announces Major Job Cuts in Germany

1,400 Jobs to Be Cut, 1,400 More to Be Relocated

Measures Aim to Reduce Costs Amidst Economic Challenges

The German semiconductor manufacturer Infineon has announced plans to cut 2,800 jobs as part of a cost-saving program. The move is in response to ongoing economic challenges and is expected to affect both German and international operations.

Of the 2,800 job cuts, 1,400 will take place in Germany, where the company aims to avoid layoffs due to operational reasons. The remaining 1,400 jobs will be relocated to lower-cost countries.

Infineon has cited several factors contributing to its decision, including the impact of the COVID-19 pandemic, rising energy prices, and ongoing supply chain disruptions. The company hopes that the restructuring will help it to weather these challenges and emerge stronger in the future.