2024-05-09 17:52:11
Infineon is cutting hundreds of jobs in Bavaria. The German semiconductor manufacturer is reacting to weak economic figures and is implementing an austerity program.
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.
Infineon is cutting production jobs
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”.
IG Metall criticized Infineon’s plans: “We are horrified and shocked,” said company representative Rico Irmischer. Even though management has already set the course for austerity measures in recent months: “Such a massive clear-cutting hits everyone with a chill.” The union accuses management of wanting to relocate production to cheaper countries in order to maximize profits. She demands that the board “retract the number and immediately come to the table with the works council and IG Metall.”