20/09/2007

200 Jobs To Go At Intel

Computer chip manufacturer Intel has announced plans to cut 200 jobs by the end of the year.

The company said that the job cuts, which would be made in support services and its manufacturing facilities, would be voluntary.

It is understood that workers will be offered six weeks' pay for each year of service plus statutory entitlements.

The Industrial Development Agency said that the redundancies were normal management action on staff restructuring.

A spokesperson said that the cuts were being made in response to competitive pressures and were not an indication of an economic downturn.

Intel has manufacturing plants in Leixlip and Shannon.

(KMcA)

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