STMicroelectronics will cut up as many as 5,000 jobs over the next three years, including a 2,800 layoff plan announced earlier this year.
Jean-Marc Chery, chairman and president of STMicroelectronics, recently revealed at an event hosted by BNP Paribas that layoffs will be promoted through natural loss and voluntary resignation. At present, consultations with local stakeholders and governments are "going smoothly".
According to Reuters, STMicroelectronics plans to reduce 1,000 people in France through voluntary resignation and plans to lay off 1,200 people at its Agrate factory in northern Italy, triggering a rebound in local trade unions, criticizing the plan for being "unacceptable" and asking the government to intervene.
The total number of STMicroelectronics currently has about 50,000 employees worldwide, and the STMicroelectronic governments jointly hold 27.5% of the shares through holding companies. The company announced a cost-cutting plan to 2027 last year, aiming to improve financial performance amid a downturn in the face of a downturn in the market.
STMicroelectronics has an operational business in Singapore. Lianhe Zaobao contacted the company's spokesperson on whether it affected local employees and other issues. No reply was received at the time of the deadline.
Serri pointed out that in the process of advancing relevant plans, a country's implementation speed "may be slightly slower", implying that Italy, where layoff negotiations are still in progress. The Italian government recently expressed dissatisfaction with Seri and accused him of suspected internal transactions, although the company has denied the allegations.