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 International
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
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 Breaking News
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
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 International
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 Breaking News
Avenir Global Fund commentary for the fourth quarter ended December 30, 2020. [soros] Q4 2020 hedge fund letters, conferences and more Dear Partner The Avenir Global Fund (the “Fund”) generated a return of 13.9% for the December 2020 quarter, more than double the 6.5% return for the MSCI ACWI index (AUD). This brings the past 1-year return to –3.3% (net) (1) behind the 5.9% return delivered by the MSCI ACWI index (AUD). Over the past year, the strength of the Australian dollar cost the Fund 6.4% turning a 3.1% underlying gain into the -3.3% return. Since inception of the Fund over nine years a...
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