EMCC European Monitoring Centre on Change

NXP Semiconductors

Company/Organisation:
NXP Semiconductors

Geographic Location

Country: World
Location of affected unit(s): Netherlands, Germany, France, USA

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 31000

Employment Effects

Announcement Date: 12-09-2008
Planned Job Reductions min: 4500
Planned Job Reductions max: 4500
Type of Restructuring: Internal restructuring
Employment Effect Start: 12-09-2008
Foreseen End Date: 12-09-2010

Additional Information

Producer of computer chips NXP Semiconductors announced on 12 September 2008 that it is to cut 4,500 jobs worldwide over the next two years. Some 600 jobs will be cut by 2009 in the Netherlands and another 700 in 2010. In 2009, the plant in Fishkill (US) will be closed and another plant in Caen (France) will be either sold or closed. In 2010, other plants in the Netherlands and Germany (Hamburg) will sell or stop part of their production. The job losses are attributed to overcapacity, high interest payments and the weak US dollar. Last year NXP already cut 400 jobs. The company is a former subsidiary of Philips. In 2006, Philips sold NXP to private equity firms.

On 5 May 2009, chairman Frans van Houten stated in a conference call that NXP already had reduced the number of employees by 5,600.

European Globalisation Fund: 2010 / 11