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Components | April 23, 2012

Job losses at ST-Ericsson?

STMicroelectronics is rumoured to take back ST-Ericsson operations. 1'700 layoffs worldwide to follow this decision.

Diedier Lamouche, CEO of the joint venture between STMicroelectronics and Ericsson, is said to 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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