BERLIN (Reuters) - Infineon will cut 1,400 jobs worldwide and relocate a further 1,400 positions to countries with lower labor costs as part of a previously announced cost savings program, the German chipmaker's chief executive officer said on Monday.
The cuts include the cancellation of several hundred positions at the company's plant in the southern German city of Regensburg which had been announced earlier.
"We are ruling out forced redundancies in Germany," CEO Jochen Hanebeck said after the company's latest results.
