Firms in Hsinchu Science Park lay off 496 workers in October – Focus Taiwan

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Taipei, Nov. 27 (CNA) Firms located in Hsinchu Science Park, which hosts major technology companies in Taiwan, laid off a total of 496 workers in October due to lack of international demand, said Wayne Wang (王永壯), director general of the Hsinchu Science Park Office, on Monday.

Wang said at a press conference that in October, a total of 48 companies, including one hard disk supplier, laid off workers after they decided to close their factories.

Other companies have reported occasional layoffs as demand weakens, Wang said.

Officials responded to media coverage of the layoffs over the weekend, saying that although the global economy is struggling with high inflation and interest rates, a recession remains unlikely.

He said that many companies in Hsinchu Science Park are applying for expansion, and that the first software building will be built on the 36-hectare “X” base as a center for the development of precision healthcare and generating technologies. AI — will be completed by May 2024 and trigger a recruitment drive.

According to a news conference, despite the dismissal of Chen Tzong-chyuan (陳宗權), deputy head of the National Science and Technology Council (NSTC), which oversees Taiwan’s three major science parks – Hsinchu Science Park, Central Taiwan Science Park, and South Taiwan Science Park – in Hsinchu in late October. Science Park employee numbers rose 2 percent to 176,504 from a year earlier.

In the first 10 months of this year, 1,605 workers at the Hinchu Science Park were laid off, less than 1 percent of the total workforce, Chen added.

So far this year, a total of 52 foreign and domestic companies have set up shop in the country’s three major science parks, expected to lead to $352.9 billion in private investment.

According to Chen, the total number of people employed in the three science parks was 323,976, up from 323,113 a year ago.

Chen said the NSCC has urged Hsinchu Science Park officials to provide the necessary assistance to laid-off workers and urge firms to use furlough programs when possible to protect workers from the effects of a drop in global demand.

(By Chang Yi and Francis Huang)

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