Mon, May 25, 2009 - Page 12 News List

ANALYSIS: TSMC learns labor habits the hard way

INSENSITIVE: The practice of firing employees after a review and refusing to give them proof of involuntary leave means laid-off workers have no way to get government aid

By Hong Yo-fang  /  STAFF REPORTER

Last week, TSMC announced it would rehire its laid-off workers, with employee seniority and stock bonuses remaining unchanged. Those workers who do not wish to return to the company will receive severance pay and an extra bonus, with the company saying it wishes to help them through difficult times.

Chang said in a speech that the company would not use the PMD system as a mean to fire employees, but his announcement that the former employees would be rehired at the beginning of next month is certain to have repercussions among other local electronics companies who cut payrolls earlier this year.

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