Electronics Production | April 15, 2008
Infineon to save 110 jobs in Dresden
Germany based chip manufacturer Infineon will save 110 jobs at their facility in Dresden, Germany.
The company will invest €30 million in modernizing the equipment, reports the Dresdner Neuesten Nachrichten. The spokeswoman at the facility in Dresden, Diana Rulle, said that agreements have been reached between management and the works council. Infineon announced in December last year, that they would lay off 600 of the 2300 employees. Quimonda, subsidiary company to Infineon, had not renewed a manufacturing contract for memory chips. The lay-offs would affect mostly contract workers, but Infineon's own employees were also to transfer to Quimonda. However, Infineon now plans to modernise the equipment in the facility and increase the weekly production capacity to 8000 waferstarts. Additionally, Infineon plans to reward €5000 to each employee that will transfer voluntarily to Qimonda.