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Thursday, 21 May 2009 10:55

TSMC to rehire hundreds of sacked workers

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We changed our mind, come back

TSMC
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 further layoffs.

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.

More here.

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