FormFactor to keep hundreds of jobs i...

FormFactor to keep hundreds of jobs in Livermore

There are 5 comments on the Ledger Dispatch story from Sep 13, 2010, titled FormFactor to keep hundreds of jobs in Livermore. In it, Ledger Dispatch reports that:

In a bit of good news for the East Bay's job market, Livermore-based FormFactor said Monday that it will reverse a plan to shift its manufacturing operations to Singapore, potentially preventing the layoffs of hundreds of employees.

Join the discussion below, or Read more at Ledger Dispatch.

Since: Sep 10

Livermore, CA

#1 Sep 16, 2010
More awesome news on the Livermore/local jobs front! What people fail to see sometimes is the value in keeping not only jobs here but staying close to their customers. That is vitally important.

Livermore, CA

#2 Sep 16, 2010
What do you mean by "staying close to their customers"? Lam doesn't have any customers out here. There's no fabs out here. Nobody in their right mind would even build a new fab in CA.

Asia/Pacific Region

#3 Nov 15, 2010
FormFactor's customers are majority based in Asia, not US nor California. Decision to shift manufacturing back to US is at best short-term. Unless FFI fixes its supply chain and internal operations problems, shifting all manufacturing activities back to US is at best short_term relief to its financial problem.

Since: Oct 10

Location hidden

#4 Nov 15, 2010
I guess its better than the jobs leaving, but in the end, yes, globalism drives jobs to the lowest cost area - this is why it is evil, and why we need to make drastic changes. There are two things that we need to do:

a) isolationism should be pursued as a foreign policy - this would prevent two things: militaryism that requires an unsustainably expensive "empire" of infrastructure and the incredibly destructive and costly conflicts that result.

b) Economically we should be practicing selective protectionism, to ensure a secure and stable source of employment and productivity. Basically we need enough industry diversity in order to be self-sustaining, at a minimum. We also need some excess in order to be able to export and have external profits that can be used to support debt payments or foreign investments.(although under isolationist policies, this would be drastically reduced).

Tracy, CA

#5 Nov 21, 2010
The CEO got around 750,000.00 for leaving a few months ago. Formfactor was going to give the people who were going to be let go in Dec 2010 a Severance package, and to make plans, they would net around 25k, if they keep these people now until Sept 2011 they now can let them go with nothing. Guess they had to make up the 750k somehow. the severance package wording was worded in a way that Formfactor could do what ever they wanted which they did. They pulled all the packages and do not care about the working person. Formfactor operates only for upper management, its not about getting work done but pointing fingers.

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