By: Central News Agency
Taipei, Nov. 6 (CNA) Chunghwa Picture Tubes Ltd. (????), one of Taiwan’s leading flat panel suppliers, confirmed Friday that it had asked its employees to take unpaid leave due to a supply glut in the global flat screen industry. Confirming local media reports, the company said the furloughs will begin Nov. 10 and continue until the end of December next year.
The reports said the furloughs are likely to affect some 3,000 employees of Chunghwa Picture Tubes, with most of them taking one or two days of unpaid leave per week, but the company did not confirm those estimates.
The furloughs will be implemented to avoid layoffs at a time when global demand for flat screens is weak, and will be reviewed every month, the Taoyuan-based company said. It said it was planning to inform the Taoyuan City government later in the day about the 14-month furlough plan and will also report to the city about its monthly reviews of the measure.
However, Pan Hung-lin, head of Taoyuan City’s Labor Department, said furloughs are usually approved for a maximum period of only three months at a time and his department will have to obtain the details of Chunghwa Picture Tubes’ plan. [FULL STORY]