TradingKey – On September 1 ET, Micron Technology (MU) shares fell more than 2% in premarket trading due to threats of a strike wave by labor unions at its Taoyuan and Taichung plants in Taiwan. Reportedly, out of approximately 15,000 employees at the Taoyuan and Taichung facilities, the two major unions represent nearly 10,000 workers, and an internal survey shows that over 80% of members support strike action. However, why are the unions initiating a strike, and what impact will it have on Micron’s production capacity and stock price?
Why Is Micron’s Taiwan Union Striking?
The core reason why the unions at Micron’s Taoyuan and Taichung plants in Taiwan prepared and voted in favor of a strike intent lies in the huge discrepancy between…
