The Company NXP Semiconductors (formerly Philips Semiconductors) announced restructuring program, designed to ensure a company's stable financial situation and create conditions for growth in the future. Changes in the structure of the company were developed to overcome the difficulties associated with work in a volatile world economic situation, the weakness of the U.S. dollar, as well as reduced the size of the company after the wireless business unit in a joint venture with STMicroelectronics. Restructuring program involves a significant decrease in the production base of NXP, central R & D, as well as support functions. It is anticipated that the program will affect approximately 4,500 employees worldwide and lead to annual savings of U.S. $ 550 million.
Changes in production reflects a long-term strategy NXP to reduce the value of the assets, the need to establish a geographically balanced basis of price and commitment of current client programs. The effect of the program will be migration to more advanced production processes and reducing excess capacity to support older technologies that, together, lead to the creation of a much more competitive structure, while maintaining a strong manufacturing base in Europe. NXP plans to merge most of its production facilities in the two biggest European factories in Naymengene and Hamburg as well as SSMC in Singapore.
As a result of these changes are planned sale or closure of four factories. The factory in Fishkille (Fishkill), New York, USA, will be permanently closed in 2009, also planned to close two plants by 2010 - the factory "ICN5" in Naymengene, Netherlands, and part of the factory "ICH" in Hamburg, Germany. NXP factory in Qana, France, will be offered for sale. The company is open to proposals for the purchase of the business, but unless there is a buyer, the company may also be closed during the 2009 Plan involves loading the remaining factories to a level above 90%, which is expected to lead to saving 300 million U.S. dollars by the end of 2010. Details will be discussed with clients NXP, as The company is interested in a smooth restructuring of production. Details of changes are also subject to consultation with trade unions and representatives of working groups.
As a result of changes that will take place mainly during 2009, is scheduled to decline in annual operating costs by 250 million U.S. dollars Further details will be communicated to each country in consultation with representatives of the working groups and associations.
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