From statesman, January 14, 2009...
Freescale Semiconductor reacted to weakening business conditions Tuesday with a series of austerity moves to cut spending.
The Austin-based chipmaker said it will temporarily freeze all salaries and promotions, require executives to take pay cuts and force all workers to take five unpaid days off in the first quarter.
If weak economic conditions continue, the company says, it would require another five unpaid days off in the second quarter.
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