With some of DRAM and LED companies downsizing to induce employment cuts among high-tech industries, tech layoffs in Taiwan are likely to peak in the fourth quarter of this year, warned local human resource agencies.
According to statistics issued by the Council for Labor Affairs, a total of 2,742 employees in different industries in Taiwan were laid off in the third quarter of this year, 1.2 times more than a year ago. In the past nine months, laid-off workers totaled 6,852 people, indicating widespread industrial depressions on the island.
Among high-tech companies, ProMOS Technologies Inc., a DRAM maker, has severed the most employees, at 1,360, so far this year, also the biggest layoff ever seen in Central Taiwan Science Park, where the company is headquartered. In the meantime, Huga Optotech Inc., an LED producer operating in the same park, which already shut its factory in Taichung, central Taiwan and dismissed nearly 200 workers in the second half of last year, had carried out its second layoff of 62 employees since then and through the end of this September. Huga Optotech is believed to continue cutting jobs by the end of this year…
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