The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
350 - 400 jobs Number of planned job losses
Announcement Date
4 May 2016
Employment effect (start)
9 May 2016
Foreseen end date
Description
Intel Ireland is expecting to see between 350 and 400 voluntary redundancies across its workforce in Ireland, it's main base is the Intel campus in Leixlip, Co Kildare. Earlier in 2016, Intel said it is to reduce its 12,000 global workforce by 11%, due to declining demand for personal computers.
The most recent indication from the company is that between 350 and 400 positions are to be made redundant. A voluntary redundancy package of five weeks’ pay per year of service, plus statutory entitlement to two weeks’ pay, capped at two years' pay has been mooted.
Intel Ireland has 4,500 employees, most of whom are based on its campus in Leixlip. Around 250 people work at the Intel research and development facility in Shannon, Co Clare, and a another 350 people work at the company's base in Co Cork.
Sources
5 May 2016: The Irish Times
4 May 2016: RTE
Citation
Eurofound (2016), Intel Ireland, Internal restructuring in Ireland, factsheet number 87440, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87440.
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