View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 20, 2006

ASML gains flexibility over chip cycle with time bank

Semiconductor equipment maker ASML Holding NV has won support from its unionized workforce for 24-hour, seven days-a-week production during market peaks as a result of a flexible labor model centered around a three-year time bank for employees.

By CBR Staff Writer

Under the system, employees will get a regular monthly salary over the whole chip cycle and can store unused hours in a time bank during market downturns and then work their saved hours in upturns.

Henk Scheepers, senior vice president for supply chain management at ASML, said the system would strengthen its work with suppliers, making ASML more competitive. We can ramp up production faster, or when market cycles change, we can slow it down quicker, he said.

ASML currently employs approximately 700 people in manufacturing at Veldhoven, the Netherlands and expects to hire at least another 150 during 2006.

Theo Bartraij, ASML’s senior vice president for manufacturing, said they all recognized that the new model meant significant changes in lifestyle and work habits. Producing our systems takes highly skilled employees. We will further train them and broaden their skills. It ensures the right competencies across work shifts. We also want to be able to keep our people even during downturns, he said.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU