30 Mar '14, 10am

Micron more than doubled revenues to $14.2 billion in 2013.Sacking 40% Italian workforce #casomicron

In 2009, Numonyx cut it’s workforce in difficult economic times. It had to do this without cutting any jobs in Italy, due to Italian laws and the fact ST (an Italian-French company) owned the majority stake in Numonyx. To avoid further layoffs, Numonyx employees took a 10% pay cut. Everywhere in the world, Numonyx employees were working for less and doing more because there were less of them. In Italy, Italian law required that workers only work 28 hour work weeks in order for Micron to achieve it’s 10% pay cut objective. How was this fair!! The union talks about Micron’s social responsibility to the Italian workers. Where was the social responsibility to the Numonyx employees earning 10% less while the union/government had the Italian workers on 28 hour weeks. Micron is in a cut-throat business and prices can change overnight. Prices are good now, but they weren’t 12-mont...

Full article: http://www.electronicsweekly.com/mannerisms/dilemmas/micr...

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