Qimonda AG Layoffs Job Cut: fires 1500 employees, closes Richmond plant

Another chip maker from Germany is going for Layoffs. The news is not good for the employees of Qimonda AG Richmond. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm Qimonda AG, has decided to go for Qimonda AG Lay offs or Qimonda AG Job Cuts.

How many employees may be fired by Qimonda AG layoffs?
The news is that around 1500 employees will be asked to leave their jobs at Qimonda AG.

How many employees does Qimonda AG have?
The total no. of employees at Qimonda AG is not known as of now.

Any news of previous layoffs by the company
Yes. Late last year, the company announced cuts of about 1,200 jobs at the plant.

Any plants or locations being closed by Qimonda AG?
Qimonda AG will close down its Richmond Plant and start making a new chip at a plant in Germany

Which locations will be affected by the Qimonda AG Layoffs?
It is all concentrated at Richmond Plant.

Which segment of employees will be affected by the Qimonda AG layoffs
All the segments will get hit as the entire plant is learnt to be closed down.

How much savings can be made by Qimonda AG Layoffs?
No information is available about the savings to be made

When will the Qimonda AG layoffs happen
Majority of the jobs will go in the next month and the plant closure is expected by April.

Any severance package for the affected employees?
No info available.

What are the primary reasons of Qimonda AG Layoffs
Qimonda declared bankruptcy earlier this month. The company said a drop in prices of the chips it produces and decreased access to financing led to the deterioration of its financial position.

Any other news about Qimonda AG?
As per IHT, A spokesman said Tuesday the company has begun ramping down operations at the plant and expects to be finished by April.
Let's hope that alternative jobs are available to the affected employees of Qimonda AG Layoffs Job Cut