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NXP Job-Cuts: Due To 'Change In World Trade Patterns' Or Misjudgment?

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September 2, 2010

Good to hear the EC is going to help 512 sacked NXP workers with a €1.8 million contribution to a €2.8 billion package to help them get re-employed. But it's interesting to hear the reasons for the award as argued by the Dutch government in its application for the EC contribution.

The dismissals were a consequence of the change in world trade patterns, argued the Dutch, as evidenced by the following three events:

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