Chairman Morris Chang yesterday announced plans to rehire several hundred workers laid off in January.
Chang believes the worst is over, and hopes to rehire some of the
workers as soon as June 1. Obviously, the chipmaker does not plan
The company sacked hundreds of workers back in January, and faced
rather ugly accusations of worker mistreatment in the process. Some of
the less fortunate workers even staged rallies in front of Chang's home
earlier this year.
TSMC reported a net profit of $47 million in Q1, the lowest in seven
years, but it announced it is expecting a sharp rise in revenue in Q2.
It currently employs about 20,000 workers in Taiwan and 3,000 overseas.