Fujisawa union protections make it difficult to move out employees managers believe need to leave, so offering a package is usually done to get volunteers
8 replies (most recent on top)
yup, you get yours and then get out before the company goes down later
MOFCOM was really helpful in slowing down the merger of HGST and WD (hold separate) and slowly integrating it. This was the opinion also shared at high-level Executives.
The other story was the Maxtor, Seagate "merger". When Seagate bought Maxtor, everyone was lay-off and some were later rehired.
Even the people who say Unions are bad may agree with the above.
why stay WD forever? move out and no union needed
Yen to dollar exchange rate is down 25% since 2020, so Japan looks cheep. WD executives can layoff US workers and hire in Japan to save money (in the short term). Assuming Yen to Dollar never corrects.
This is like the last C-team's short term plan to borrow billions at low interest rates. Who cares that this debt must now be refinanced at higher rates. They got their bonuses.
It's rarely about the long term health of the company. It's nearly always about making this years numbers look good to justify C-suite bonuses.
Good luck with the union.
This is exactly why no Japanese employees were laid off. There is a law there where a company has to prove it is necessary to lay people off, and WD wouldn't/couldnt do that
Union is very helpful to give bargaining power for low paid labor. Even that imho, there should have been law to protect labor and set the minimum living wages.
Government should also tighten the labor law that regulates how companies terminate their employees. They should make it hard for companies to layoff employees if they're still profitable.
This is the last thing we need. I do appreciate the thoughtful well laid out arrangements made in favor of this idea.
Signed,
Nobody