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Semiconductor Equipment Maker Applied Materials Restores Pay Rates.
Knight Ridder/Tribune Business News, February, 2002
By Kirk Ladendorf, Austin American-Statesman, Texas Knight Ridder/Tribune Business News
Feb. 13--Applied Materials Inc. is beginning to undo some of the austerity measures that it put in place last year when the semiconductor industry was headed into a deep sales slump.
The world's largest maker of semiconductor manufacturing equipment began paying its workers at their normal pay rate in February, ending a period of reduced pay that began last spring, said a source close to the company.
Those pay cuts ranged from 3 percent to 15 percent, depending on the worker's salary level.
The restoration of full pay rates was a strong signal that Applied, which is based in Santa Clara, Calif., and employs 2,600 people in Austin, down from...
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