PRAGUE (Reuters) - U.S. chipmaker Onsemi will lay off 170 staff in the Czech Republic, cutting its workforce in the country by 7.5%, the company said on Monday, saying it was adjusting to current
Onsemi to Reduce Czech Workforce by 170 Amid $2 Billion Expansion
PRAGUE (Reuters) - U.S. chipmaker Onsemi will lay off 170 staff in the Czech Republic, cutting its workforce in the country by 7.5%, the company said on Monday, saying it was adjusting to current market conditions.
The layoffs come while the firm plans a $2 billion expansion of its Czech operations. It said it was still working with the Czech government and the European Commission on filing public aid requests, but did not give any further comment on how the investment may be affected.
(Reporting by Jan Lopatka)
