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STMicroelectronics Acknowledged among 25 Best Employers in India |
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The "Best Employers in India 2002" study examined 204 companies, distributed across 15 industry groups, from which 25 were selected as leaders. ST was the only microelectronics company to be chosen. The selection was based on detailed questionnaires completed by Organization Heads, Human Resources Departments and more than 52,000 employees of the participating companies, followed by on-site audits. The aim of the survey, in which ST India participated for the first time, was to identify the companies whose HR systems and philosophies gained them a competitive advantage by aligning people with organizational goals. Among the factors considered in choosing the Best Employers were corporate culture and values, faith in the corporate leadership, and an employee-orientated environment including opportunities for varied work experience and accelerated employee development. Receiving the prestigious award on behalf of ST Microelectronics India, Pradeep Kumar, Country Director, ST India, said: "Our recognition as a one of the Best Employers vindicates our strong belief in our people and practices. It is also a sign of ST India maturing as a world-class organization." ST's facility at Noida, near New Delhi, employees around 800 people and hosts one of the Company's most important centers for IP creation, as well as providing local marketing support. Noida develops libraries of reusable IP that are used by ST and its customers around the world, especially in advanced system-on-chip (SoC) solutions for digital consumer, computer, telecom and automotive applications. In December 2001, ST received a special award from the European Bi-lateral Chambers of Commerce and Industry in India for "Best European Practices in India", presented as an exclusive tribute to ST's Intellectual Property (IP) design facility in Noida for demonstrating the best example of an organization bringing excellent business practices into India, as well as its commitment to the environment and the community at large. "We have long been proud of our people in India and the contribution they make not only to our corporate success but also to their local community and, by their design and development expertise in Information Technology, microelectronics and system application software, to India's growth as a global hub of software and IP development", said Mario Santi, IPDF (Intellectual Property Design Factory) Director at ST Noida. In addition to its worldwide role as an R&D center, ST India is a major facility for application support. Carmelo Papa, Corporate Vice President, Emerging Markets, the Sales and Marketing organization specifically created to address emerging geographical markets around the world, added, "Noida has played is playing a fundamental role in aiding contributing to ST's rapid growth in emerging markets at a global level. Their expertise and their ability to work with other ST teams around the world have been instrumental in driving and accelerating this growth." About STMicroelectronics STMicroelectronics, the world's third largest independent semiconductor company, is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2001, the Company's net revenues were $6.36 billion and net earnings were $257.1 million. Further information on ST can be found at www.st.com. |
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