{"id":62958,"date":"2025-04-30T12:52:09","date_gmt":"2025-04-30T12:52:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/62958\/"},"modified":"2025-04-30T12:52:09","modified_gmt":"2025-04-30T12:52:09","slug":"stmicroelectronics-to-cut-1000-jobs-in-france-italy-talks-ongoing","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/62958\/","title":{"rendered":"STMicroelectronics to cut 1,000 jobs in France, Italy talks ongoing"},"content":{"rendered":"\n<p class=\"yf-1090901\">By Nathan Vifflin<\/p>\n<p class=\"yf-1090901\">(Reuters) -STMicroelectronics will cut around 1,000 jobs in France, it said on Wednesday, representing more than a third of the 2,800 layoffs planned by its cost-cutting program, and 9% of its France headcount.<\/p>\n<p class=\"yf-1090901\">The French-Italian chipmaker also said talks with Italian employee representative bodies were ongoing.<\/p>\n<p class=\"yf-1090901\">The news comes after Reuters reported on Tuesday that Rome aims to limit the Italian layoffs to roughly 1,000 and is pressing for as many in France.<\/p>\n<p class=\"yf-1090901\">STMicro counts about 11,500 employees in France, and 12,700 in Italy according to its 2024 annual report.<\/p>\n<p class=\"yf-1090901\">&#8220;In France, the Group estimates that around 1,000 people could choose to leave the company on a voluntary basis by 2027.&#8221; STMicro said in an emailed statement.<\/p>\n<p class=\"yf-1090901\">STMicro did not indicate the distributions of the cuts, but had previously indicated a reshuffle in its manufacturing capacity in Tours and Crolles sites, either converting legacy wafer production to other activities or relocating them to different STMicro sites, notably to Singapore.<\/p>\n<p class=\"yf-1090901\">The company, in which the Italian and French governments own a combined 27.5% share through a holding company, employs 50,000 people worldwide and has been facing a sustained downturn in its key automotive and industrial markets.<\/p>\n<p class=\"yf-1090901\">(Reporting by Nathan Vifflin in Gdansk)<\/p>\n","protected":false},"excerpt":{"rendered":"By Nathan Vifflin (Reuters) -STMicroelectronics will cut around 1,000 jobs in France, it said on Wednesday, representing more&hellip;\n","protected":false},"author":2,"featured_media":62959,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5309],"tags":[2000,299,36,32485],"class_list":["post-62958","post","type-post","status-publish","format-standard","has-post-thumbnail","category-france","tag-eu","tag-europe","tag-france","tag-stmicroelectronics"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114427012350837469","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/62958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=62958"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/62958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/62959"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=62958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=62958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=62958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}