NXP staff strike for more pay

NXP staff strike for more pay

Business news |
By eeNews Europe

The workers are demanding a 4.5 percent pay rise – a 3 percent increase in purchasing power above annual inflation – to come into force in April 2013 and last for two years. Further action is planned for March 12, one report said.

NXP management has refused to go higher than 2.25 percent, according to Bit and Chip, a Dutch electronics publication. In addition, the unions want the bonuses for low and middle income be eliminated because they are not paid in practice and for the money to be re-applied as a structural wage increase.

NXP reported a net income of $348 million on sales revenue of $4,678 million for the 2013 financial year, which matches the calendar year.

NXP was approached for comment but had not replied by the time this article was posted.

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