Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Franco-Italian semiconductor STMicroelectronics has announced plans to cut up to 2,800 jobs globally over the next three years as part of a major restructuring of its manufacturing operations.
The restructuring will affect sites in France, Italy, Malta, and Singapore. The workforce reduction will be carried out exclusively through voluntary measures in consultation with employee representatives. The move comes as ST aims to modernise its facilities, increase automation, improve efficiency, and due to the American tariffs.
In France, 1,000 employees are expected to be dismissed: STMicroelectronics 2025 - FR.
Despite the layoffs, the company is continuing to invest in strategic sites across Europe, including major expansions in Agrate and Catania, Italy, and Crolles, France. The restructuring is part of ST's broader strategy to streamline operations and deliver cost savings amid challenging conditions in the automotive and industrial semiconductor markets.
The group has 14 production sites (Italy, France, Singapore, Sweden, Morocco, Philippines, Malaysia, China) and employs 49,600 people worldwide.
UPDATE 30/04/2025: It is announced that STMicroelectronics plans to cut about 1,000 jobs in France, as part of a global restructuring plan. The company intends to do this through a voluntary redundancy program.
UPDATE 4/06/2025: STMicroelectronics has announced that it plans to cut 5,000 jobs within the next three years, including 2,800 job cuts announced earlier in 2025.
Eurofound (2025), STMicroelectronics, Internal restructuring in World, factsheet number 202674, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202674.
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