---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-160742"
form_type: "8-K"
ticker: "ON"
cik: "0001097864"
company_name: "ON SEMICONDUCTOR CORP"
filed_at: "2024-06-13T23:59:59+00:00"
generated_at: "2026-06-01T04:32:06.391493+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# onsemi to consolidate nine sites, cut ~1,000 jobs under 'Fab Right' strategy

## Summary
- Reducing global workforce by ~1,000 employees; reassigning/relocating ~300 more.
- Estimated $65M-$80M in employment-related charges, majority in 2024.
- Consolidating nine sites as part of manufacturing network optimization.
- Process expected to complete by 2025, subject to local regulations.
- Company to reinvest substantial savings into workforce and business initiatives.

## SEC filing metadata
- accession: 0001193125-24-160742
- form_type: 8-K
- ticker: ON
- cik: 0001097864
- company_name: ON SEMICONDUCTOR CORP
- filed_at: 2024-06-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097864/000119312524160742/0001193125-24-160742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097864/000119312524160742/d781274d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-160742
- JSON: https://secwatch.observer/filing/0001193125-24-160742.json
- Plain text: https://secwatch.observer/filing/0001193125-24-160742.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.