I just got word today that my employer (ST Microelectronics) is
closing down there two fabs in America. ST Carrollton,Tx and also ST
Phoenix, Az will be closeing. Although these two fabs remain very
profitable, they have decided thats just not enough because were are
high cost fabs. Thats ****ed up because this is a French company and
all there fabs in Europe suck and they loose money but there goverment
wont let them shut down over there and put 1000's of workers out on
there ass like they can here. We were always told that as long as we
remained profitable, that we had nothing to worry about. We have done
that and went above and beyond what they called for in cost savings.
We are just not putting enough money in the stock holders pockets.
They said it could take up to a year or two before all the devices and
products are shipped over-seas to Singapore or China..isnt that
lovely. They announced also that if they decided they didnt need you
at anytime, you can be layed off.

Redshad

Thanks for sharing. Hope yours stays put.
<bjay>

B. Jay Kana--
NETexas
02 Valkyrie Cruiser--
( happy trails to you all)