Inetersting story Peter...but why why would it be easier for Germans to close the fab than for French? I would think labour regulations would be equally stringent...if they sold to China that would be a different story
It may sound incredible on the other side of the Ocean, but France != Germany !
(the even was a small fight beetween them a few years ago)
But it has nothing to do with this fact, here. The foundry was sold to LFoundry which made a subsidiary out of it. This way they can take the good out of it (running orders) and then place it under bankruptcy when they don't need it anymore.
This way they don't pay the collective (or individual) redundancy plan, not even the last month salaries: those will be paid by french salary insurances (AGS).
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.