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Sacked Spansion workers take the company to court |
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Written by Peter Scott
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Friday, 27 February 2009 10:09 |
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Some execs got a raise following the layoff
A few days ago AMD spin off Spansion announced it would cut its workforce by 35 percent, or 3,000.
The laid-off workers have now launched two class-action suits against
the chipmaker, claiming Spansion's decision goes against both federal
and state laws, which require employers to give a two month notice
prior to laying off more than 50 souls.
What's worse, the same day Spansion announced the massive layoff, the company revealed in a filing with the U.S. Securities and Exchange Commission that some of its executives will get even more cash.
Apparently Spansion's board rescinded
a 10 percent pay cut imposed in October on some managers, saying the
decision to restore their previous salaries was intended "to provide an incentive for executive
officers and certain other key employees to remain employed by the
company."
The lawsuits don't mention the fact that executives have restored their
pay, but attorneys representing the workers believe the issue could
become relevant in court.
More here.
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