Intel to seek almost 200 mandatory redundancies at Leixlip plant
Almost 200 mandatory redundancies are expected this autumn at the Intel plant in Leixlip, Co Kildare, according to people briefed on the situation.
The company is undergoing a major restructuring at the moment but it is understood that the plant, where almost 5,000 people are employed, will remain central to the company's operations.
However, it will
not be immune to job losses,
and there are expectations that some 195 positions – under five per cent of the workforce at the plant – will be cut.
With reports earlier this year that the company was going to cut up to 20 per cent of its global workforce,
there were fears that the cuts could have been much greater.
READ MORE
One source noted that with the company have signalled global job cuts and having paused investments in the US and Germany,
Ireland was lucky that it had the part of the business that is considered core to its future survival.
It is expected that once the company has made the announcement, it will enter into a consultative period with staff over the coming months, with posts identified by September.
Intel appointed a new chief executive, Lip-Bu Tan, earlier this year in an attempt to revive the struggling chipmaker after years of difficulties.
One of Mr Tan's early moves was to tell staff that 'tough decisions' would be required to turn around the company's fortunes.
In a statement, the local Fine Gael TD Joe Neville said: 'Intel has given major employment to my home town of Leixlip and the surrounding areas since I was a child and is key partner in all that we do in this area for so many groups.
'Since 2017 the company has invested in a new multi-billion processing facility which is a positive investment but everything now must be done to support the staff and family of those impacted and who may be seeking alternative employment with this announcement.'
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