Infineon starts German exodus with auto unit-paper

Newswire

MUNICH, April 28 (Reuters) - The head of German chipmaker Infineon was quoted on Monday as saying the company would move its automotive and industrial division to Austria, the first step in a possible exodus from its home turf. Long a vociferous critic of Germany's high taxes, Infineon Chief Executive Ulrich Schumacher told the Sueddeutsche Zeitung he expected "significant synergies" from the move, which would see the division's management relocated from Munich to join over 2,000 employees ...

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