Note 22. Restructuring expenses
In the fourth quarter of 2012 we started a cost reduction program in our Front-end operation. We have reduced headcount in our manufacturing organization in Singapore and our product management organization in Europe and the US with approximately 100 full time equivalent positions. Related to these actions, an amount of €0.1 million (2013: €2.5 million, 2012: €0.9 million) employee related expenses was recorded.