Download PDF

Telefunken Semiconductors to Cut Jobs

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
Post Views 9

Telefunken Semiconductors is a name that many of you may not be too familiar with, unless you spend a lot of time thinking about who makes the parts that make computer work that is. For the majority of us to whom this is a new name, let begin with a look at how the company describes itself, “TELEFUNKEN Semiconductors offers world class analog & mixed-signal foundry services and is worldwide leader in the design and manufacture of energy-efficient integrated circuits for power management and high-performance interfaces. With its 8-inch fabrication plant in Roseville, California and 6-inch fabrication facility in Heilbronn, Germany, the company can manufacture in a large array of versatile processes which address analog, mixed-signal and specialty technologies from deep-submicron to high-voltage CDMOS processes especially designed for power management applications.”

The company is getting ready to make mass layoff action happen as they cut back on 85 workers. The workers are all going to be cut from a facility owned by the company in their Roseville location. For those of you who are not familiar with the idea of a mass layoff action here is a look at how the federal government defines the term, “The Mass Layoff Statistics (MLS) program collects reports on mass layoff actions that result in workers being separated from their jobs. Monthly mass layoff numbers are from establishments which have at least 50 initial claims for unemployment insurance (UI) filed against them during a 5-week period. Extended mass layoff numbers (issued quarterly) are from a subset of such establishments—where private sector nonfarm employers indicate that 50 or more workers were separated from their jobs for at least 31 days.”

The goods news is that under the terms of a mass layoff action the company must give the workers several weeks of notice before they are taken off of the payrolls and put onto the unemployment line. The bad news is that the company has not said much about any steps they may be making to help the workers to find new positions in the future, or other severance benefits.

As you can imagine this is not the first time that the company has resorted to layoffs in order to cut back on its costs. For those of you who missed out on our earlier coverage of the last round of layoffs here is an excerpt that will get you up to speed in no time at all, “Well it looks like bad new is coming to the workers at the Roseville location where everything will not be coming up roses, but will be coming up layoffs instead. The company is looking to trim back on between seven and nine percent of its staff. In real numbers that is somewhere between 40 workers and 50 workers who are going to put out of a job when all is said and done. In a company that only employs 600 at this location that loss is going to be felt.”

Will this be the last round of layoffs for the company? Only time will tell.

Telefunken Semiconductors to Cut Jobs by
Authored by: Harrison Barnes