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Yageo cutting jobs and top management salaries to survive the downturn

Chialing Hsu, Taipei; Christy Lee, DIGITIMES Asia 0

Affected by the global downturn and the cloudy future of the industry, Yageo Corporation announced that it would cut 570 jobs, or 8% of its workforce, and truncate the salaries of its top management (vice presidents and above) by 10-30%. By doing so,...

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