German semiconductor manufacturer Infineon confirmed on Wednesday that it would cut hundreds of jobs in the Bavarian city of Regensburg as part of a previously announced cost-cutting programme. The move comes after Infineon on Tuesday lowered its forecast for the current year after profits saw a further decline. The company announced the cutbacks without going into detail. “The workforce was informed on May 7 that the changes will affect a mid three-digit number of jobs in Regensburg,” a spokesman said. The spokesman said the reorganization will occur without forced redundancies, but instead t…