We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
 
74,953 News Articles

6,000 Intel job cuts planned this year

Chip giant hit by global economic woes

Chip giant Intel is cut 6,000 jobs and close four facilities in a restructuring effort affecting employees worldwide.

Intel plans to close two assembly and test facilities - one in Penang, Malaysia, and another in Cavite, the Philippines. It will also stop production at two wafer-production plants - Fab 20, an older 200mm wafer fabrication plant in Hillsboro, Oregon, and D2, a facility in Santa Clara, California.

intel job cutsThe changes will affect between 5,000 and 6,000 employees worldwide, Intel said. Not all those employees will lose their jobs, however, as Intel plans to offer some of them positions at other facilities, the company said.

Intel will gradually close the facilities between now and the end of 2009, it said. The closures are designed to "align its manufacturing capacity to current market conditions", the company said.

Like many technology companies, Intel has been hit hard by the US recession, which also has affected the global economy. For its fourth quarter ended December 27, 2008, Intel saw its profit plunge 90 percent from a year earlier, falling short of Wall Street estimates.


IDG UK Sites

LG G Watch release date, price and specs: Hands-on and pictures

IDG UK Sites

Apple financial results: iPhones, iPads & Macs sales for Apple's Q2 2014, plus shares to split

IDG UK Sites

Twitter - not news

IDG UK Sites

See Moo Studios' new animated advert for Blue Moon beer