STMicroelectronics announced on April 30, 2025, that it will cut approximately 1,000 jobs in France, representing more than a third of the 2,800 layoffs planned by its cost-cutting program and 9% of its French headcount. Discussions regarding job cuts in Italy are ongoing.
Concurrently, STMicroelectronics rebuffed a fresh attempt by the Italian government to appoint its candidate to the chipmaker's supervisory board. This rejection underscores the continuing governance conflict between the company and the Italian government regarding board composition.
These actions are part of the company's broader strategy to reshape its manufacturing footprint and resize its global cost base. The job cuts aim to improve operational efficiency and profitability amidst a challenging market environment, while the board dispute highlights political pressures on the company's leadership.
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