Struggling computer chip maker Qimonda will layoff 10% of its global workforce, according to Reuters, which may include cuts at the company’s North American plant in Sandston.
The company has not confirmed cuts, but 10% of the 2,300 local workers would amount to 230 layoffs.
One source at the company said layoffs are likely, and that most job cuts will take place among higher-level engineers and support staff. Factory workers are expected to be retained in order to continue operating machinery.
Officials at Qimonda could not be reached for comment.
Neither the Virginia Employment Commission, nor the state’s rapid response team had received notice of layoffs.
For the first half to end-March, Qimonda reported a 57% drop in sales to $1.48 billion, mostly because of the falling price of computer chips. The company generated a net loss of $1.76 billion compared to a net profit of $374.2 million in the same period a year earlier.
The Henrico plant is the only facility in North America.
Further reading:
German company plans a work-force reduction of 10 percent worldwide,Times-Dispatch April 23
Struggling computer chip maker Qimonda will layoff 10% of its global workforce, according to Reuters, which may include cuts at the company’s North American plant in Sandston.
The company has not confirmed cuts, but 10% of the 2,300 local workers would amount to 230 layoffs.
One source at the company said layoffs are likely, and that most job cuts will take place among higher-level engineers and support staff. Factory workers are expected to be retained in order to continue operating machinery.
Officials at Qimonda could not be reached for comment.
Neither the Virginia Employment Commission, nor the state’s rapid response team had received notice of layoffs.
For the first half to end-March, Qimonda reported a 57% drop in sales to $1.48 billion, mostly because of the falling price of computer chips. The company generated a net loss of $1.76 billion compared to a net profit of $374.2 million in the same period a year earlier.
The Henrico plant is the only facility in North America.
Further reading:
German company plans a work-force reduction of 10 percent worldwide,Times-Dispatch April 23