Some 420 jobs will be cut in Italy, the affected sites are located in Agrate Brianza (223), Catania (128), Naples (53), and Avezzano (17), according to a report in Italian Ansa. The layoffs – which amounts to almost 50% of Micron's Italian workforce – comes despite the company's seemingly good financial health. However, one should take into account the acquisition of Elpida and the reorganisation plan that came with it.