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ASML to Cut Fewer Jobs Than Planned After Union Negotiations

ASML to Cut Fewer Jobs Than Planned After Union Negotiations
Key Points

The ASML Holding NV headquarters in Veldhoven, Netherlands, on Thursday, Oct. 17, 2024. ASML Chief Executive Officer Christophe Fouquet said he expects the chip market’s long-awaited recovery will extend “well into 2025,” following disappointing third-quarter earnings that sparked a broad selloff across the semiconductor industry.

The ASML Holding NV headquarters in Veldhoven, Netherlands, on Thursday, Oct. 17, 2024. ASML Chief Executive Officer Christophe Fouquet said he expects the chip market’s long-awaited recovery will extend “well into 2025,” following disappointing third-quarter earnings that sparked a broad selloff across the semiconductor industry.
Holding NV (ORG) Veldhoven (LOCATION) Netherlands (LOCATION) ASML (ORG) Christophe Fouquet (PERSON)
Originally published by Bloomberg Technology Read original →