ASML Holding NV said it will cut fewer jobs than the 1,700 initially planned after talks with Dutch trade unions [1, 2]. The final number of job cuts is expected to be "a lot less" than 1,000 but has not yet been finalized, an ASML spokesperson said, adding the company aims to reduce the overall number but will not know the final figure until the process is complete [1, 2].
The job reductions were first announced in January as part of ASML's plan to trim management layers and reduce bureaucracy, affecting roughly 4% of its workforce [1, 2]. Diederik Bonarius, a spokesperson at the De Unie union, said, "Those impacted will have until May 2027 to find another role. Settlements will be a maximum of €400,000" [1].
The layoffs are not expected to take effect until May 1, 2027 [1, 2]. Staff members will be notified as early as next month after consultations with the company’s works council, which represents employee interests [1, 2]. Employees whose roles are affected will have until May 2027 to secure another position within ASML [1, 2].
ASML is the world’s sole producer of advanced lithography machines critical for semiconductor manufacturing, benefiting from growing investments in artificial intelligence infrastructure [1, 2]. The company’s need to streamline its workforce reflects an effort to maintain efficiency despite a strong market position.
The next step in the process will come next month when ASML informs employees if their roles are impacted, following the works council’s review [1, 2]. The deadline for affected employees to find alternative roles within the business is May 2027.
