Qimonda to close Richmond plant, lay off 1,500

qimonda1Beleaguered computer chip manufacturer Qimonda announced this morning that it will close its Richmond operation, letting go around 1,550 of its 1,600 remaining employees.

Employees will not receive any severance.

Five-hundred employees will leave immediately, according to company spokesman Glen Haley with another 500 leaving over the next month. The company will keep around 50 employees to monitor the equipment, Haley said. The plant is located in eastern Henrico County.

Manufacturing of the memory chips will cease within a week, Haley said.

Over the last week, some suppliers stopped delivering the materials needed to manufacturer the chips fearing they would not be paid.

In October the company laid off some 1,200 workers. Their severances packages are still safe, according to a company spokesman.

Qimonda is a German company and filed for bankruptcy there.

“We have been here for around 12 years. This is devastating news. This has been a real successful venture. The team here is outstanding. It’s just extremely painful for many of the folks here who are affected,” Haley said.

More reading:

Qimonda future uncertain despite talks-German state, Reuters

qimonda1Beleaguered computer chip manufacturer Qimonda announced this morning that it will close its Richmond operation, letting go around 1,550 of its 1,600 remaining employees.

Employees will not receive any severance.

Five-hundred employees will leave immediately, according to company spokesman Glen Haley with another 500 leaving over the next month. The company will keep around 50 employees to monitor the equipment, Haley said. The plant is located in eastern Henrico County.

Manufacturing of the memory chips will cease within a week, Haley said.

Over the last week, some suppliers stopped delivering the materials needed to manufacturer the chips fearing they would not be paid.

In October the company laid off some 1,200 workers. Their severances packages are still safe, according to a company spokesman.

Qimonda is a German company and filed for bankruptcy there.

“We have been here for around 12 years. This is devastating news. This has been a real successful venture. The team here is outstanding. It’s just extremely painful for many of the folks here who are affected,” Haley said.

More reading:

Qimonda future uncertain despite talks-German state, Reuters

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected]ENSE.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.




Return to Homepage

Subscribe
Notify of
guest
1 Comment
oldest
newest most voted
Inline Feedbacks
View all comments
noyb
noyb
9 years ago

It’s been over three years now and it’s still painful, both for those employed there and the community. One of the biggest, if not the biggest, business losses in Richmond history.