Yet another example of why a company in a volatile industry ought to avoid setting up shop in these European countries with such strong and overzealous unions. Workers can't be laid off? 28 month redundancy severance package?? 100% of jobs must be relocated or trasnferred??? Good grief.
When a workforce is so staunchly protected, coddled, and over endulged, its going to scare away any reasonable company from wanting to setup business there in the first place. This is the real world where business (and yes, layoffs) happens.
>. Its very thoughtful to see that politicians are involved in saving jobs. Its quite surprisng to see that research engineers have to face this job cut.
I am not a big advocate for politicians to help to protect jobs. If NASA had not gone the way it did, the commercial satellite boom we have in America will not be possible. The two founders of Planet Labs may still be in one NASA office fretting over appraisal forms. Today, they are building billion-dollar business.
>> btw. this is a good lesson for former elpida folks, 2 years later when their no-layoff period is over , how to protect themselves.
I have read in some places they have a department of Job Creation. The problem is that those are jobs that in real terms do not worth much. If you try to protect jobs such ways, you end up losing the whole firm.
>> On the face of it, this sounds like one of those gratuitous changes intended primarily to reduce the work force.
Possibly eliminate jobs or move to a place where one politician has promised better illusive tax credit. I have always worried why people that were workers before they became managers changed very quickly. They play with people's future just to make those already rich to be richer.
Never a good sign for any economy when job cuts are "saved" this way. Most times, afterwards, those that remain are systemtically run over. The best thing in this world is to allow markets to determine labor and if we create more jobs, then labor will have more value. The greatest challenge in this world is that productivity is improving without human job pool being expanded. That means, more will be out of work. You can delay it or you just allow markets to follow its course.
It seems hard to believe that there are four sites, making chips, spread out evenly between northern, central, south central, and southern Italy, that absolutely must be relocated, still in Italy. On the face of it, this sounds like one of those gratuitous changes intended primarily to reduce the work force.
I guess that the older I get the more cynical I get about these changes. The way this was set up seems logical, and it's not like transporting chips to the ultimate customers is likely to be so onerous a task?
In the modern era, with the Internet and good transportation, bringing jobs to where the workers are is not such a ridiculous idea, IMHO.