Wistron Corp. plans no employee layoffs this year
October 25, 2012, 12:10 am TWN
TAIPEI--Wistron Corp., one of Taiwan's leading original design manufacturers, said Wednesday that it has no plans to lay off any of its employees this year, amid concerns that mass large scale workforce reductions will take place in the industry.
Wistron's announcement came after Compal Electronics Inc., one of Taiwan's largest PC makers, reported to Taipei's Department of Labor on Oct. 19 that it will let 158 workers go in November as the result of lower-than-expected market demand.
The decision by Compal, which has around 5,000 employees in Taiwan, has sparked worries that other companies in the high-tech industry, which has been hit hard by the economic down cycle, will follow suit and reduce their workforces.
Compal was the third manufacturer in Taiwan to lay off its workers due to the sluggish global tablet market since last year. Quanta Computer Inc. dismissed over 1,000 workers and Inventec Corp. sacked more than 400 workers in 2011.
Meanwhile, HannsTouch Solution Inc., said the same day it will lay off 100-200 workers, as the company has replaced product lines with automated machine tools.
MOST POPULAR OF THIS SECTION