Published by Global Banking & Finance Review®
Posted on September 15, 2025
2 min readLast updated: March 1, 2026
Add as preferred source on GoogleSTMicroelectronics reassures Italy of no job cuts at its Agrate plant, addressing government concerns over potential layoffs.
ROME (Reuters) - STMicroelectronics on Monday reassured Rome's government it would not slash jobs in Italy, people with knowledge of the matter said, as the chipmaker moved to defuse a row that had included strong Italian criticism of its CEO.
The group, in which the Italian and French governments own a combined 27.5% share through a holding company, told Italian officials and trade unions at a meeting in Rome it was not planning mass redundancies at its Agrate plant in northern Italy, people present said.
In the same meeting, Industry Minister Adolfo Urso warned that mass layoffs at the factory would be "unacceptable", according to comments released by his office.
STMicroelectronics was not available for comment.
In April, STMicroelectronics said voluntary departures would cut 1,000 jobs in France out of 2,800 planned outside of attrition, while talks with Italy were ongoing.
Two month later, Italian unions said the company was planning 1,200 redundancies in Agrate, asking for an urgent meeting with the Italian government to discuss the situation.
Also in April, Italian Economy Minister Giancarlo Giorgetti said its attitude towards CEO Jean-Marc Chery would be of "criticism and opposition."
Rome has tried to persuade Paris to back its plan to replace Chery, separate sources have previously said. However, in recent weeks the parties have sought to settle their differences, one Italian source said on Monday.
(Reporting by Giuseppe Fonte, editing by Alvise Armellini and Jan Harvey)
STMicroelectronics reassured the Italian government that it would not be planning mass layoffs in Italy.
Industry Minister Adolfo Urso warned that mass layoffs at the factory would be 'unacceptable'.
In April, STMicroelectronics announced that voluntary departures would reduce 1,000 jobs in France, while discussions with Italy were ongoing.
Italian unions indicated that STMicroelectronics was planning 1,200 redundancies in Agrate and requested an urgent meeting with the government.
The Italian government has attempted to persuade Paris to support a plan to replace CEO Jean-Marc Chery.
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