In December, Prince unveiled a cost-cutting plan led by investment banking head Robert Druskin.
The workers are taking the action because the company is implementing a 5m euros cost-cutting plan.
The company also announced a cost-cutting plan that will include an 18%-20% staff reduction.
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Part of the cost-cutting plan involve consolidation offices, relocating more people to the corporate HQ in Sunnyvale, California.
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By contrast, she wrote, a recent cost-cutting plan from Pfizer is expected to save twice that much as a percentage of costs.
She says the cost-cutting plan is going take about three years.
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But the glass maker sees a difficult year ahead in 2013, and said it expects to install a cost-cutting plan that would include some job cuts.
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The Formula One Teams Association (Fota) said as well as a package for 2010, an agreement for a cost-cutting plan for 2009 had also been reached.
Meanwhile, Hong Kong's Cathay Pacific airline denied local reports that it was considering a cost-cutting plan to ground all flights as the region's carriers feel the effects of plummeting passenger numbers.
By contrast, she wrote, a recent cost-cutting plan from Pfizer (nyse: PFE - news - people ) is expected to save twice that much as a percentage of costs.
Prince has been trying to make things right by shuffling executives and putting a big cost-cutting plan in motion, but that hasn't stopped speculation that the company would be better off broken up into pieces.
America's biggest airline, American Airlines has prepared a glide path down to Chapter 11 by laying out a cost-cutting strategy and a financing plan before it asked its workers to agree to wage cuts.
Surprisingly, Sun's resurgence appears to be based not only on the boring stuff of lay-offs and cost-cutting, but also on a vigorous plan to grow in an industry that is supposedly stagnant.
If the private sector does not meet certain cost-cutting targets in, say, five years, a public-sector plan should automatically kick in.
Obama said he was hopeful that an efficiently run public plan could help push private insurers to make similar cost-cutting moves.
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