STMelectronics implements job cuts in France, eliminating approximately one thousand positions
Heads Up, Employees: STMicroelectronics Announces Major Job Cuts
Hey there! You might want to sit tight as this news might impact you. The French-Italian tech giant, STMicroelectronics, revealed on Wednesday, April 30th, that it's axing approximately 1,000 jobs in France. The company's statement to Ici Touraine didn't specify the exact locations that will be hit by these job cuts, but assured us that these would be voluntary departures.
The company's statement reads, "The entire project will be implemented on a voluntary basis, with internal and external mobility options by the end of 2027." So, no need to worry about forced departures just yet.
This news is a tough pill to swallow for the employees. STMicroelectronics has been facing some rough times lately. Last year, the company reported poor results, blaming it on the crisis in the car industry. This led to the company considering a workforce reduction early this year, which they referred to as an "industrial restructuring."
The news hasn't been well-received by the CFDT, a French labor union. In a statement to Ici Touraine, the CFDT expressed "concern" after the company's announcements. They criticized the management for lacking solidity and pointed out that measures to maintain employee employability are not adequate. They also fear that the departures might be prioritized over measures promoting training and professional retraining.
STMicroelectronics currently employs around 50,000 people worldwide, including 11,500 in France. Most of these employees are based in Grenoble and Crolles in Isère, with the rest spread across sites in Rousset, Tours, Saint-Denis, Sophia-Antipolis, and Rennes.
It's important to note that this job cut announcement is part of STMicroelectronics' global workforce reduction of 2,800 positions. The company is focusing on modernizing manufacturing facilities, prioritizing 300mm silicon and 200mm silicon carbide fabs, and improving efficiency through automation and AI integration. The global cuts are expected to occur primarily in 2026–2027, but the specific timeline for France remains unclear.
So, keep an eye on the news and stay tuned for more updates!
Enrichment Data ( Selectively used for clarity and context):
- The global workforce reduction by STMicroelectronics includes 2,800 positions, with 1,000 jobs being cut in France.
- The job cuts are part of the company's strategy to modernize its manufacturing facilities, focusing on 300mm silicon and 200mm silicon carbide fabs.
- The timeline for these job cuts aligns with the company's aim to complete the total workforce reduction by the end of 2027. However, the specific timeline for France remains unclear.
- The job cuts at STMicroelectronics, totaling approximately 1,000 positions in France, are part of a global workforce reduction of 2,800 positions announced by the company.
- The aim of these job cuts, according to STMicroelectronics, is to modernize manufacturing facilities, with a focus on 300mm silicon and 200mm silicon carbide fabs, and improving efficiency through automation and AI integration.
- Despite the job cuts, STMicroelectronics currently employs around 50,000 people worldwide, including 11,500 in France, with most of these employees based in Grenoble and Crolles in Isère, and others spread across sites in Rousset, Tours, Saint-Denis, Sophia-Antipolis, and Rennes.
- The CFDT, a French labor union, has expressed concern over STMicroelectronics' job cuts, criticizing the management for lacking solidity and fearing that the departures might be prioritized over measures promoting training and professional retraining.
