ASML to cut fewer jobs than planned after union negotiations

[AMSTERDAM] Chip-equipment maker ASML Holding will cut fewer jobs than planned, with redundancies not expected to take effect until May 1, following negotiations with Dutch trade unions.

Staff will be told if their roles are affected next month, after consulting with the works council that represents employees, according to a union spokesperson.

Those impacted will have until May 2027 to find another role, said Diederik Bonarius, spokesperson at De Unie union. Settlements will be a maximum of 400,000 euros (S$594,270), he said.

ASML will not know the final number until the process is concluded and the company is aiming to reduce the overall number, an ASML spokesperson said.

The agreement with labour unions was first reported by press agency ANP.

Veldhoven, Netherlands-based ASML announced plans in January to cut about 1,700 jobs to trim layers of management and bureaucracy. The reductions represented about 4 per cent of staff.

SEE ALSO

Tata Electronics and ASML partner on India’s first semiconductor fab

ASML lifts 2026 forecast as surging AI chip demand boosts new orders

ASML unveils EUV light source advance that could yield 50% more chips by 2030 

ASML reports big orders beat as AI drives chipmaker demand, to lay off 1,700

More

Asean Intelligence

Get insights into businesses across South-east Asia

Get the free report

ASML is the only producer of cutting-edge lithography machines that are needed to make advanced semiconductors, and has benefited from the hundreds of billions of US dollars pouring into artificial intelligence infrastructure. But some investors have questioned its ability to expand capacity fast enough to meet the surging demand of chipmakers. BLOOMBERG