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Everlight Asks Staffs to Take Unpaid Leave

Everlight Asks Staffs to Take Unpaid Leave

Recently ,due to the slackened demand in LED industry, including Huga Optotech, Everlight have asked their staffs to carry out unpaid leave.

According to Robert Yeh , chairman of Everlight, due to the high inventory level, the LED industry has entered an off season. Everlight staffers will take two to three days of unpaid leave in November and five days in December. The unpaid leave gives Everlight the flexibility to skip a layoff program.

In the contrast, Epistar reported that it won’t follow the practice of Everlight. Neither did Chimei-Innolux have the plan to ask their staffers to take unpaid leave.

Yeh reported that despite the unpaid leave program, revenue of Everlight in the fourth quarter will still be higher than the third quarter but the LED industry won’t recover until the second half next year. In the past, a business cycle for the industry lasts four years but it has been shortened to two years now.

For the future development of the LED industry, backlight LED will be dominated by South Korean firms, while the Taiwanese industry can only focus on LED lighting, according to Yeh.

In Yeh’s opinion, the LED lighting will enter a warring period, in which success will hinge on technology, quality, marketing, and overall competitiveness. Everlight will focus on the development of own brand and after winning the patent litigation over Nichia, the company will continue prevailing over its rivals in other countries.

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