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UPDATE 1-STMicro to cut 1,400 jobs and quit set-top business

2016-01-27 11:13:04| Electronics - Topix.net

Jan 27 Franco-Italian chipmaker STMicroelectronics said on Wednesday it would cut about 1,400 jobs worldwide as part of a global restructuring plan that would put an end to its set-top box business. The headcount reduction includes about 430 positions in France, 670 in Asia, mostly in India, and 120 in the United States, STMicro said in a statement.

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