Stm confirms investments: 'No site closed, Italy-France rebalance'

None of St's current sites, in Italy or worldwide, will be closed and each will continue to have a specific role and mission'. This is what St has reportedly indicated at the table being held at Mimit. 'All of St's approved and planned investments in Italy and France are confirmed,' the group further indicated.

St will rebalance investments in Italy and France. This was reportedly indicated by the group at the table at Mimit. 'The overall impact and the solutions used to implement this global programme will be broadly equivalent between Italy and France,' the company announced, adding that 'Italy plays a key role in St. John's global strategy, both for R&D and production.

"In the course of the redesign of St. John's production structure over the next three years, the size of the workforce and the skill set required will evolve. Based on current projections, up to 2,800 people globally are expected to leave the company on a voluntary basis, in addition to natural turnover. These changes are expected to occur mainly in 2026 and 2027'. This is what the St Group indicated in a note after the table at Mimit. "Advanced manufacturing systems will shift roles from traditional processes involving repetitive manual tasks to a greater focus on process control, automation and design. St will manage this transition through voluntary measures, with an ongoing commitment to constructive dialogue and negotiations with employee representatives in accordance with applicable national regulations,' the note continues, concluding that 'stakeholders will be updated regularly on the progress of the programme'.

"We know that there have been mistakes on the products to be developed, perhaps also due to the obvious imbalances in governance, but we are for confronting and determining the Stmicroelectronics Italian Plan". This was reportedly said by the Minister of Enterprise and Made in Italy, Adolfo Urso, as he opened the Stmicroelectronics table at Mimit, explaining that with the Italy Plan he wanted to 'bring our country back to the centre of the industrial development of a publicly controlled multinational, which was born in Italy, in my Sicily, and then became a large European multinational that we share with France in a market logic'.

"Geopolitical arrangements, sanctions, tariffs, export limits as well as market constraints often determined by wrong choices made by the EU, as well as those of governance and its future arrangements certainly have an influence," Urso continued. 'We know there are and we are addressing them, but they are not the subject of this table. There are other tables - international, European and bilateral - and other places where we are tackling them with determination, without pretence, and with a strategic vision that I believe now emerges in all our positions and decisions,' he added, concluding that 'we know that there are market problems, also due to the collapse of the car industry due to the crazy Green Deal rules, on which the company had staked so much. We know that digital is the battleground on which the new geopolitical arrangements are measured, as also demonstrated by what President Trump said yesterday'.