Recently, a manager of AU Optronics Corp., said that following the reduction in the 3rd-quarter, the company has notified some of the employees should be on annual leave.
The manager said the company does not plan to lay off employees or reduce wages. However, after the annual leave, if the company don't notify them return to work, then they will have to continue on leave but without salary. But he did not disclose how many staff the program will involve, and the length of time.
AU Optronics started production reduction in the 3rd-quarter, the company ran into the situation of excess personnel. The preferred solution to the problem is transfering excess staff to other departments. However, if the situation may not be eased, will arrange new technical training for employees. Forcing employees be on leave is the last choice.
AU Optronics Corp. (AUO) is Taiwan's largest and a worldwide top 3 manufacturer of thin film transistor liquid crystal display panels (TFT-LCD).
AUO was formed in September 2001 by the merger of Acer Display Technology, Inc.,(the former of AUO, established in 1996) and Unipac Optoelectronics Corporation. In October 2006, AUO merged with Quanta Display Inc. to create a larger TFT-LCD manufacturer with more than 20% of the world's large-sized TFT-LCD market. Additionally, the amassed production of company's G6 reached worldwide top 1. Additionally, AUO is the first pure TFT-LCD manufacturer to successfully list at the New York Stock Exchange (NYSE).
Originally Posted: China Business Daily
Author: Angulo Fu