EMCC European Monitoring Centre on Change

AMD

Company/Organisation:
AMD

Geographic Location

Country: World
Location of affected unit(s): United States, Europe, Asia

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 14000
Group: Advanced Micro Devices (AMD)

Employment Effects

Announcement Date: 14-11-2002
Planned Job Reductions min: 1300
Planned Job Reductions max: 2600
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-11-2002
Foreseen End Date: 01-12-2003
Direct Dismissals: 1000

Additional Information

Advanced Micro Devices (AMD) is a global supplier of integrated circuits for the personal and networked computer and communications markets with manufacturing facilities in the United States, Europe, Japan, and Asia. In November 2002 AMD announced a restructuring programme that will reduce the workforce by 10 to 20 percent, equal to about 1,300 to 2,600 positions worldwide, by the end of 2003. AMD said it notified 1,000 employees that the layoffs would be across the company's operations in the US, Europe and Asia. The job cuts will come from the marketing, finance, legal, human resources, sales, strategy and business development areas. AMD had already warned it was beginning a major restructuring to reduce its costs by $350m by 2003. The chip maker is trying to get its costs in line with its lower revenue amid the technology downturn and the slump in PC sales.