<ul><li>STMicroelectronics plans to cut about 1,000 jobs in France as part of a global cost-cutting initiative due to financial pressures and weakening demand in key sectors.</li><li>The layoffs in France account for over one-third of the 2,800 global job reductions targeted by the company, affecting approximately nine per cent of its French workforce.</li><li>The job cuts in France are expected to be voluntary and spread gradually through 2027, while the exact locations of these layoffs have not been specified.</li><li>STMicroelectronics hints at reshuffling its manufacturing operations in Tours and Crolles, focusing on a shift away from legacy wafer production towards other international locations such as Singapore.</li></ul>

STMicroelectronics to cut 1,000 jobs in France

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