Why do these guys think that STM and Intel merged and then sold the business? NOR still has some uses, sure, but it is a dying chip. I can't claim to know the employment situation in the Italian fab, but my guess is that job cuts are warranted.
Micron Jobs cut in Italy appears to be ungratefull and short-seeing if we look at what Micron "harvested" from its "company shopping" in Italy:
A solid position in the highly remunerative market of Automotive
A consolidated customers relationship network in the ritical market of the "code storage" (NOR) memories
A "nursery" of next generation products for the above mentioned markets
Promising Technologies for future products and markets (the PCM)
Valuable Contributions in terms of Intellectual Property
Expertized Work Teams, inserted in a consolidated multi-site jobs network
Marketing Strategy, Technical and Scientifical knowledge
This jobs "killing" seems also non-sensical and deceiving after the high number of awards Micron recognized in 2013 to many ialian Teams and after the the money spent for "moving home" to a brand-new site involving the Agrate site just before the announced cuts!. God bless Micron!