ST’s Crolles workers go on strike

ST’s Crolles workers go on strike

Business news |
By eeNews Europe

A report authored by Laurent Capella, secretary general of the Collective Autonome Democratique de STMicroelectronics, known as DAC-ST, said workers went on strike on Wednesday night, Thursday morning and Thursday night reportedly because their annual incentive bonus had been reduced to €500 (about $550) for the lowest paid workers. At the same time that ST has been able to increase dividend payments and buy back shares and the reduced incentive represented a loss of €1,000 (about $1,100) for some workers, according to DAC-ST.

The strike has affected both the 200mm and 300mm wafers fabs (Crolles 1 and Crolles 2), DAC-ST said.

Industrial action is expected to continue.

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