LONDON -- Workers at an STMicroelectronics' assembly facility on the Mediterranean island of Malta have rejected plans for an "austerity package" that was a condition of further company investment there, according to a Times of Malta report.
The General Workers Union has called for further negotiations before a second vote is taken while the Prime Minister of Malta, Lawrence Gonzi, on Sunday (July 11) asked the workers not to "sabotage" an investment agreement he had reached with the company, the report said.
In late June PM Gonzi had visited the facility at Hal Kirkop on Malta and seen assembly equipment for microelectromechanical systems (MEMS), according to a Maltamedia report. This was the new line of business that it had been agreed would keep STMicroelectronics on the island, the report added.
Neither the monetary value of ST's proposed investment in Malta nor the nature of any pre-conditions for that investment, were disclosed in the reports. The expectation was that STMicroelectronics would refresh its product lines and maintain the current level of employment at around 1,500 employees.
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