Micron Imposes Hiring Freeze
Jun. 26, 2001
%mlink(STRY:; PHOTO:; AUDIO:%)
BOISE, Idaho (AP) _ The weak market for computer components has prompted Micron Technology Inc. to impose a hiring freeze.
The Boise-based computer chip manufacturer normally hires 100 to 200 people a month. The slow market for its products makes the cost-saving measures necessary, spokesman Sean Mahoney said Monday.
``The philosophy at Micron among the executive management is to protect our work force, but we're looking to cut costs in certain areas,'' he said. ``It's been since 1985 that we've had layoffs at Micron Technology.''
Officials would not disclose how much they hope to save with the hiring freeze. They said salaries for top executives had also been cut 10 percent.
The company expects to restore the salaries and resume hiring when the market improves.
The company employs 10,000 people. Micron wants to avoid layoffs because when computer chip prices do recover, Mahoney said, it does not want to have to scramble for trained workers.