High-Tech_collusion_-_Competition_for_skilled_workers[1]

High-Tech_collusion_-_Competition_for_skilled_workers[1] -...

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FOR IMMEDIATE RELEASE Friday, September 24, 2010 Home » Briefing Room » Justice News Department of Justice Office of Public Affairs Justice Department Requires Six High Tech Companies to Stop Entering into Anticompetitive Employee Solicitation Agreements Settlement Preserves Competition for High Tech Employees WASHINGTON — The Department of Justice announced today that it has reached a settlement with six high technology companies – Adobe Systems Inc., Apple Inc., Google Inc., Intel Corp., Intuit Inc. and Pixar – that prevents them from entering into no solicitation agreements for employees. The department said that the agreements eliminated a significant form of competition to attract highly skilled employees, and overall diminished competition to the detriment of affected employees who were likely deprived of competitively important information and access to better job opportunities. The Department of Justice’s Antitrust Division filed a civil antitrust complaint today in U.S. District Court for the District of Columbia, along with a proposed settlement that, if approved by the court, would resolve the lawsuit. According to the complaint, the six companies entered into agreements that restrained competition between them for highly skilled employees. The agreements between Apple and Google, Apple and Adobe, Apple and Pixar and Google and Intel prevented the companies from directly soliciting each other’s employees. An agreement between Google and Intuit prevented Google from directly soliciting Intuit employees. “The agreements challenged here restrained competition for affected employees without any procompetitive justification and distorted the competitive process,” said Molly S. Boast, Deputy Assistant Attorney General in the Department of Justice’s Antitrust Division.
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