ST is to close its set-top box operation which will result in job losses of around 1,400 people and the redeployment of 600 others. 430 jobs will be lost in France, 670 in Asia and 120 in the USA. ST’s Q4 saw profit drop to $2 million, revenue drop 5.5% sequentially to $1.67 billion, the ...
ST to close STB operation with 1400 job losses
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