Short-term job for 1,500 Infineon employees



[ad_1]

Economy

Infineon in Villach registered 1,500 employees for short-term jobs. The application for the Labor Market Service (AMS) has already been made, it said in a message from the group on Thursday. Short-term work begins May 1, 2020 and is initially slated to last two months.

Affected employees also include contract workers, Infineon Technologies Austria AG said. All involved employees would continue to receive a net monthly salary of 90 percent of their previous net earnings if they were 80 or 85 percent employees.

Microscopic view of the SARS-CoV-2 corona virus, National Institutes of Health (02/27/2020)

Infineon: expected decrease in demand

Thomas Reisinger, a board member responsible for operations at Infineon Austria, said that forecasts for the development of the global economy had been greatly reduced due to the coronavirus pandemic. “We assume that demand for our products will weaken considerably in some industries. In concrete terms, we already see a significant decrease in capacity utilization in the automotive sector. “

Infineon Austria is stable for the future, the current steps are mainly “to secure long-term jobs and minimize the economic impact”.

[ad_2]