February 21, 2006 – ASML Holding NV, Veldhoven, The Netherlands, said it has modified its labor model to a potential continuous production schedule of 24 hrs/seven days-a-week, in order to expand capabilities to manufacture its lithography systems.
Workers can store unused hours during market downturns in a time bank for up to three years, and then work those hours in busier periods.
ASML hopes the modified production schedule, combined with the company’s sourcing strategy, will shorten lead times, and accelerate production ramp during busy period (and slow it down during market cycle declines). ASML also intends to increase its manufacturing workforce by 20% this year, to about 900 employees.
“All of us recognized that this new model means significant changes in lifestyle and work habits,” stated Theo Bartraij, SVP, manufacturing. “Even so, everybody sees the benefits and agreed to support the company’s growth.”