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Electronics Production | October 25, 2006

Lay-offs at Infineon as a result<br>from BenQ's insolvency

Infineon lost some 230 million euro on the BenQ insolvency and now have to reduce its workforce.

Infineon is now laying off 400 employees as a result from the lost revenues of 230 million euro. About 200 of these are currently working at the German units in Munich, salzgitter and Nürnberg. The charges from these lay-offs are expected to reach 30 million euro.
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