According to sources, ADI will lay off 10% of its work force. Employees were informed in the past weeks. ADI has a generous redundancy benefit which is good because they have almost yearly layoffs- usually in October. Sources also say that former, or soon to be former, employees are bound by their redundancy package to an effective silence. Current employees are so used to the annual layoffs that it is business as usual. ADI is one of the Boston area's largest employers and enjoys a nearly complete lack of coverage by the local press.
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Eliminating high salaries is always popular with investors and shareholders. ADI is now just as well known for layoffs as it is for it's cutting edge technology, which is not a good thing for seasoned employees. It's a shame the Director of HR and the GM of manufacturing don't practice what they preach. If early retirement packages are really that "good", why didn't they take advantage of these early retirement options?
Here we go again another round of layoffs. All temporary work force laidoff. Forced early retirement of manufacturing Wilmington site.
In my region rest of asia many line workers were donated so many old leaders can survive. Some not popular old leader also gone, but favourite old leaders of the upper management they kept.