Infineon to cut 1,400 jobs worldwide, relocate another 1,400, says CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 05 2024
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Should l Buy ?
Source: Yahoo Finance
Job Cuts and Relocations: Infineon plans to cut 1,400 jobs globally and relocate another 1,400 positions to countries with lower labor costs as part of a cost-saving initiative.
No Forced Redundancies in Germany: CEO Jochen Hanebeck confirmed that there will be no forced redundancies in Germany despite the job cuts, including several hundred positions at the Regensburg plant.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
