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Chipmaker STMicro expects to shed 5,000 jobs in next 3 years
June 06, 2025
|The Straits Times
STMicroelectronics expects 5,000 staff to leave the company in the next three years, including 2,800 job cuts announced earlier in 2025, its chief executive Jean-Marc Chery said on June 4.
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AMSTERDAM -
Around 2,000 employees will leave the Franco-Italian chipmaker due to attrition, bringing the total count with voluntary departures to 5,000, he said.
Mr Chery added that discussions with stakeholders and the authorities over implementation of the cost-cutting programme were on track.
In an apparent reference to Italy, Mr Chery said: "I do think that one country specifically is harder. And most likely, okay, could delay a little bit our speed of implementation."
هذه القصة من طبعة June 06, 2025 من The Straits Times.
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