News : Intel to Cut 12,000 Jobs from Global Workforce
Dublin, Ireland, April 20, 2016 -- Computer provider Intel has announced it is cutting 12,000 jobs from its global workforce - but has not provided information on how this may affect its 5,200 employees in Ireland.
Intel has said it will cut about 11pc of its workforce as it restructures following a decline in sales of personal computers.
The cuts will include "voluntary and involuntary departures" from its operations around the world. Most of the employees affected by the decision will be notified in the next 60 days.
Intel employs more than 5,200 people in Ireland, mainly in Leixlip, Co Kildare, but also in Shannon and Belfast.
Last night, an Intel spokeswoman would not comment on the impact for its operations in Ireland.
"We are not providing site-specific information at this time, and we are still evaluating our plans for Europe.
"Overall, however, we expect that these actions will result in a reduction of up to 12,000 positions globally by mid-2017 through site consolidations, a combination of voluntary and involuntary departures, re-evaluation of projects, and an increased focus on efficiency in a variety of programmes," the spokeswoman said.
Intel said the cuts will provide about $1.4bn (€1.2bn) in annual savings by the time they are completed next year.
The company, based in Santa Clara, California, is a supplier of computer chips, but PC sales have been declining steadily in recent years.
Posted by Veronica Silva Cusi, news correspondent
Today's Tip of the Day - Segment Your Customers
More Editorial From Intel Corporation
About Intel Corporation:
Intel pushes the boundaries of innovation so our work can make people's lives more exciting, fulfilling, and manageable. And our work never stops. We never stop looking for the next leap ahead—in technology, education, culture, manufacturing, and social responsibility. And we never stop striving to deliver solutions with greater benefits for everyone.
Published: Wednesday, April 20, 2016