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Infineon Technologies will eliminate 1,400 jobs globally and relocate an additional 1,400 positions to countries with lower labor costs, as part of its ongoing cost-saving measures, announced the German chipmaker’s CEO on Monday.
This reduction includes the previously disclosed cancellation of several hundred positions at Infineon’s Regensburg facility in southern Germany.
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CEO Jochen Hanebeck assured that the company will avoid forced redundancies in Germany as part of this restructuring.
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