infineon
German semiconductor manufacturer Infineon confirmed on Wednesday that it would cut hundreds of jobs in the Bavarian city of Regensburg as part of a previously announced cost-cutting programme. The move comes after Infineon on Tuesday lowered its forecast for the current year after profits saw a further decline. The company announced the cutbacks without going into detail. "The workforce was informed on May 7 that the changes will affect a mid three-digit number of jobs in Regensburg," a spokesman said. The spokesman said the reorganization will occur without forced redundancies, but instead t...
DPA
Profits fell by a half at German semiconductor maker Infineon Technologies, according to quarterly results published on Tuesday. The firm reported that its second-quarter profit fell by 52% to €394 million ($424 million) from last year's €826 million. Earnings per share declined to €0.30 from €0.63 a year ago. Adjusted earnings per share were €0.42, compared to last year's €0.69. In the second quarter, Infineon generated Group revenue of €3.63 billion, down 12% from last year's €4.12 billion. Revenues fell 2% sequentially. For the third quarter, the company expects revenue of around €3.8 billi...
DPA
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