Infineon to axe fewer jobs

FRANKFURT: German semiconductor group Infineon Technologies AG will cut 200

fewer jobs than originally planned and introduce more short-time working to cut

costs, Germany's Focus magazine reported.

Infineon said in July it would shed 5,000 jobs world-wide in a bid to save

around one billion euros ($900 million) over 12-18 months as its business

slumped. In an article to be published on Monday, the magazine said Infineon had

planned to make 2,000 of the job cuts in Germany, but would now only axe 1,800

positions at its domestic operations.

Citing acting supervisory board member Alfred Eibl, the report said some

employees would be asked to work 35 hours a week rather than 40 hours in order

to safeguard the 200 jobs. "We are of course trying to soften the planned

job cuts and to fall back on other measures like shortened working hours,"

an Infineon spokeswoman told Reuters by telephone, but declined to comment

further on the report.

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