Infineon, the German chipmaker, will cut 1,400 jobs globally and move an additional 1,400 positions to countries with lower labor costs as part of a previously announced cost-saving initiative. The company’s CEO, Jochen Hanebeck, announced the reduction, which includes the elimination of several hundred positions at the company’s Regensburg plant in southern Germany. Hanebeck stated that forced redundancies in Germany are not being considered, following the company’s latest results.