Key facts
- ASML will implement fewer job cuts than originally planned following discussions with Dutch unions.
- The company has delayed the effective date of redundancies to May 2027.
- ASML aims to minimize forced layoffs and may offer role changes within the company as alternatives.
- Employees will be notified by the end of the current month regarding their employment status.
- Previously, ASML had announced plans to cut 1,700 management roles, representing 4% of its global workforce.
ASML will implement fewer job cuts than originally planned after negotiations with Dutch unions, according to a union statement. The company's spokesperson, Monique Mols, stated that redundancies are now expected to take effect from May 2027, and employees will be informed by the end of the current month whether their roles are affected. Mols added that some employees might see their roles changed within the company instead of facing redundancy, emphasizing a desire to minimize forced departures.
Previously, ASML had announced plans to cut 1,700 management roles, representing approximately 4% of its global workforce, primarily in technology and IT departments. These cuts were intended to take effect sooner, with unions initially rejecting a proposed April 1 target date for finalizing terms. Unions like FNV and CNV had pushed for identifying internal redeployment opportunities before proceeding with formal agreements, questioning the logic of cuts alongside significant expansion plans, including a new campus designed to accommodate 20,000 new employees. The company reported record revenue and profit for 2025 and provided strong revenue guidance for 2026, though its revenue from China is projected to decrease due to U.S. export controls.