STMicroelectronics pledged on September 15, 2025, that it would not slash jobs in Italy, following talks hosted by Italian Industry Minister Adolfo Urso with company representatives and trade unions. This commitment aims to defuse a row that included strong Italian criticism of the company's CEO.
The discussions were specifically aimed at avoiding mass layoffs at the Agrate plant in Northern Italy. This pledge provides reassurance to the Italian government, which, along with the French government, owns a combined 27.5% share in STMicroelectronics.
This development is a significant outcome of the ongoing dialogue between the company and its governmental stakeholders, addressing concerns about employment levels amidst STMicroelectronics' broader restructuring and cost-cutting programs.
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