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TI trims Philippine workforce by 400

Posted: 23 Dec 2008 ?? ?Print Version ?Bookmark and Share

Keywords:job cuts TI? Baguio TI plant? labor slash?

Texas Instruments Inc. is slashing 400 jobs in the Philippines to cope with falling orders amid the global economic crunch, according to labor officials.

The chipmaker notified the Philippine Labor Department of its plan to seek 400 volunteers to take "generous" severance packages among 2,300 employees in its sprawling plant in the northern city of Baguio, said Ana Dione, a labor department official.

Apart from 400 workers, another 100 employees were to be transferred to TI's other plant inside former U.S. Clark Air Base, now a special economic zone north of Manila, she said.

"They notified us even before they discussed it with their employees," Dione said. "Because of financial difficulties, they really could not afford to sustain their entire work force, so they are reducing."

Company officials could not be reached for comment on Dec. 19. The telephone operator said all managers were on leave and could not handle queries from the media.

Dione said the company tried to cut costs when orders began falling in Q3, including a shortened work week.

In 1979, TI set up the assembly and testing facility in Baguio that supplies semiconductors to clients in the United States, Europe and Asia. The company has since expanded in the Philippines, including the $1 billion plant in Clark where it would employ 3,000 people.

TI is among the Philippines' top exporters, reaching $3.5 billion in 2006.





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