Company Directory - Renesas Electronics Corporation
Company Details - Renesas Electronics Corporation
Renesas Electronics Corporation
WebsiteTokyo, Japan
Renesas Electronics Corporation is a global semiconductor manufacturer headquartered in Japan that designs and manufactures microcontrollers, analog and power devices, and other semiconductor products for automotive, industrial, and consumer electronics markets.
CCI Score
CCI Score: Renesas Electronics Corporation
8.68
-0.01%
Latest Event
Renesas Electronics Implements Cost-Cutting Measures with Layoffs and Wage Freeze
Renesas Electronics Corporation, facing declining semiconductor demand, announced plans to lay off several hundred employees globally and postpone annual wage increases. These repeated cost-cutting measures, following last year's layoffs, raise concerns about the company's commitment to fair labor practices and the protection of worker rights.
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OBJECTOR
Renesas Electronics Corporation is currently rated as an Objector.
Latest Events
- JAN072025
Renesas Electronics Corporation, facing declining semiconductor demand, announced plans to lay off several hundred employees globally and postpone annual wage increases. These repeated cost-cutting measures, following last year's layoffs, raise concerns about the company's commitment to fair labor practices and the protection of worker rights.
-40
Labor Relations and Human Rights Practices
March 27
The decision to implement layoffs affecting around 5% of its global workforce and the postponement of annual wage increases for a second consecutive year indicates a troubling pattern in labor relations. While driven by market conditions, these measures undermine worker stability and fair labor practices, which are critical from an anti-fascist perspective that champions robust worker rights and social responsibility.
[News] Japan's Renesas Electronics Plans Layoffs as Chip Demand Weakens
- MAY282024
Renesas Electronics has issued a statement via the Business & Human Rights Resource Centre affirming its full compliance with sanctions imposed on Russia and asserting that its products must not be used for human rights violations. This demonstrates a commitment to ethical business practices and responsible public conduct.
+50
Public and Political Behavior
March 27
Renesas adheres to strict export control regulations and sanctions related to Russia, illustrating responsible public and political behavior. While this compliance meets legal requirements, the company could further enhance its proactive stance against contributing to human rights violations.
+70
Business Practices and Ethical Responsibility
March 27
The company clearly articulates its ethical commitment by stating it opposes the use of its technology for human rights abuses. This proactive measure underlines its dedication to business practices and ethical responsibility in its operations.
- NOV012021
Renesas Electronics Corporation has implemented a comprehensive human rights policy that includes strict supplier codes, global human rights due diligence, and extensive employee training. These initiatives demonstrate a commitment to upholding labor rights and preventing abuses, countering trends of corporate complicity in authoritarian practices.
+85
Labor Relations and Human Rights Practices
March 27
Renesas has proactively established and maintained a robust framework for protecting human rights and ensuring fair labor practices. The initiation of the Renesas Group Human Rights Policy in November 2021, accompanied by detailed due diligence and continuous training programs, reflects an ethical approach that strongly counters authoritarian exploits. This commitment is especially notable given the broader corporate landscape where neglect of labor rights can contribute to systemic oppression.
- SEP152019
An examination of how Renesas Electronics Corporation could be indirectly implicated in the broader dynamics of political lobbying in Japan, a practice that may undermine transparency and democratic accountability.
-25
Political Contributions and Lobbying Efforts
March 27
The article 'Understanding the Dynamics of Lobbying in Japan' explores the pervasive influence of lobbying in Japanese politics. Although Renesas Electronics Corporation is not directly mentioned, as a major player in Japan's high-stakes semiconductor industry, it is plausible that Renesas engages in lobbying to protect its business interests. This involvement, within a context where lobbying practices can obscure transparency and enable authoritarian-friendly policies, raises concerns about corporate complicity in undermining democratic processes.
- JAN182010
Renesas Semiconductor KL Sdn Bhd has been widely criticized for obstructing union recognition efforts, delaying the mandated secret ballot, and dismissing union leader Wan Noorulazhar bin Mohd Hanafiah—all of which point to systematic union-busting practices that undermine workers' rights.
-80
Labor Relations and Human Rights Practices
March 27
Renesas Semiconductor’s repeated failure to recognize the Electronic Industry Employees Union Western Region (EIEUWR), including delaying critical procedures and unlawfully dismissing union leadership, reflects a severe neglect of labor rights. These practices not only undermine collective bargaining efforts but also contribute to broader issues of corporate complicity in suppressing worker dissent, aligning with authoritarian tactics.
Malaysian electronics manufacturer Renesas Semiconductor criticised for union busting
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