EMCC European Monitoring Centre on Change

STMicroelectronics

Company/Organisation:
STMicroelectronics

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 45000
Group: STMicroelectronics

Employment Effects

Announcement Date: 27-01-2009
Planned Job Reductions min: 4500
Planned Job Reductions max: 4500
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-02-2009
Foreseen End Date: 31-12-2009

Additional Information

STMicroelectronics, one of the world's largest semiconductor companies, is to cut 4,500 jobs in 2009. According to the company, the workforce's reduction is mainly due to the global economic crisis.
STMicroelectronics is the world's fifth largest semiconductor company with market leadership in many fields. The group has over 45,000 employees worldwide.