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23
April
2012

Job losses at ST-Ericsson?

STMicroelectronics is rumoured to be taking back its ST-Ericsson operations. 1'700 layoffs worldwide could follow this decision.
Diedier Lamouche, CEO of the joint venture between STMicroelectronics and Ericsson, will present a restructuring plan that would see 1'700 layoffs worldwide, reports French Les Echo.

Five sites will be closed at a global level:

- Bristol (UK)
- Tampere (Finland)
- Zaventem (Belgium)
- Zurich (Switzerland)
- Shanghai (China)

France will not see any layoffs, but rather a restructuring of sites. Affected here are:

- Sofia-Antipolis
- Paris
- Grenoble
- Le Mans
- Rennes
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