ASML to offer employees €20,000 retention bonus for staying in 2027-2030
FILE PHOTO: An assembly engineer works on a TWINSCAN DUV lithography system at ASML in Veldhoven, Netherlands June 16, 2023. REUTERS/Piroschka van de Wouw/File Photo
AMSTERDAM, July 20 : ASML, the largest maker of equipment used to manufacture computer chips, intends to offer employees a bonus worth €20,000 ($22,838.00) if they remain with the company between 2027 and 2030.
The company confirmed the plan, first reported in Eindhovens Dagblad, on Monday in an emailed statement.
ASML said terms of the conditional stock grant from January 1, 2027 are still being finalized, but it would be offered to "all eligible employees."
The move is the latest among big semiconductor industry firms including Samsung Electronics, TSMC and SK Hynix, to offer workers extra compensation at a time when earnings are strong but skilled labor is short.
ASML, which is Europe's most valuable company by stock market capitalization, this month reported net income of €2.92 billion and said its flagship line of circuitry-printing lithography tools is nearly sold out through 2027.
ASML employs 44,500 workers globally, with more than half in the Netherlands and around 8,500 in the U.S.
($1 = 0.8757 euros)
