Latest news with #Leixlip
Irish Times
01-07-2025
- Business
- Irish Times
Intel set to cut close to 200 staff in Ireland and how to save for school fees
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. Pat Leahy, Jack Horgan Jones and Ciara O'Brien report. The volume of retail sales fell by 0.6 per cent in May, as consumer spending in department stores along with food, beverage and tobacco feeling the largest decline. As Hugh Dooley reports, Despite the monthly drop, retail sales volume still advanced 1.6 per cent in the past 12 months , according to the latest data from the Central Statistics Office. Government spending will need to increase by about €265 billion over the next 25 years to pay for an ageing population, more housing and cutting emissions, Central Bank governor Gabriel Makhlouf has said, as he called for a credible spending rule to help prevent future downturns. Dublin Bus paid its chief executive Billy Hann €276,000 in total last year, new figures from the State-owned public transport company show. Barry O'Halloran has the details. READ MORE ESB Networks is seeking an increase of up to €1.60 a-week over five years from families to help pay for expansion that includes the cost of connecting 300,000 new homes to the electricity system. Barry O'Halloran reports. Stena Line is to cancel its three-day Rosslare-Cherbourg service, the company said on Monday. The last sailing will depart Cherbourg on September 29th, arriving in Rosslare on September 30th. The ferry operator said the decision was made following a strategic route review. Colin Gleeson has the story. Cantillon assesses where the Intel layoffs leaves the chipmaker's Irish operation, while also noting the latest bad news for the Irish whiskey industry. LinkedIn has appointed a new country manager to lead its Irish business, with Cara O'Leary stepping into the role. Ciara O'Brien has the story. In Your Money, Dominic Coyle answers a reader query on how to approach Revenue about a modest, but long standing tax debt . It may be mid-summer, but for some the cost of school is already front and centre with bills for school fees for the coming year already due. Fiona Reddan looks at how much fees are, and how to save for them. When news started to shift to the web in the late 1990s and early 2000s, there was great optimism that such a leap in technology would allow for new ways of reporting stories. It's clear that hasn't really happened since. In his column, Hugh Linehan asks why. Dublin City Council has given the green light to British developer Summix for a nine storey student accommodation block on the former site of the Independent Newspapers HQ on Middle Abbey Street in Dublin. Gordon Deegan reports. If you'd like to read more about the issues that affect your finances try signing up to On the Money , the weekly newsletter from our personal finance team, which will be issued every Friday to Irish Times subscribers.
Irish Times
01-07-2025
- Business
- Irish Times
Intel's axe looms over Irish staff
The news that Intel is looking to cut up to 195 jobs from its Irish workforce has likely been met with a mixed reaction. For the politicians and employment agencies, just under 5 per cent of the workforce here feels like getting off lightly when the company is expected to slice 20 per cent of its global staff. For staff, however, there will be an anxious few weeks as they await news of exactly where the cuts will fall and if they will be one of the unlucky ones to leave the company by September. The numbers are a worst-case scenario by all accounts. These days, departments are global, so should more jobs be lost from the US or Asia, for example, then the Irish workforce may be spared a little more. READ MORE But that will be cold comfort to Intel's workers, who are facing yet another period of uncertainty so soon after last year's round of job cuts. [ Intel to seek almost 200 mandatory redundancies at Leixlip plant Opens in new window ] Tech has become an uncertain place to work. But it is no different from any industry, at the mercy of markets and the whims of innovation. Fail to keep up, or falter at all, and even the giants among them can find their business in a precarious position. IATA Director General Willie Walsh on airline profits, air fares and why the Dublin Airport passenger cap makes Ireland a laughing stock Listen | 35:56 That doesn't mean it will last forever, though. New chief executive Lip-Bu Tan has been shaking things up to rebuild Intel into an innovative company that can compete alongside rivals Nvidia and Arm. That will mean some pain in the short term as he brings in some unpopular changes, from job cuts and executive shuffles to forcing staff to return to the office in person four days a week. But if Mr Tan can make a success of it, then for Intel's remaining staff at least, it might be worth it in the long run.
BreakingNews.ie
30-06-2025
- Business
- BreakingNews.ie
Intel to cut up to 195 jobs at Leixlip plant
Up to 195 people could lose their jobs at the Intel plant in Leixlip, Co Kildare, according to sources briefed on the situation. The company is believed to have informed the Department of Trade, Enterprise and Employment about the move. A consultation process is expected to begin shortly. Advertisement The US chipmaker is undergoing a major restructuring at the moment but it is understood that the Leixlip 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. Intel appointed a new chief executive, Lip-Bu Tan, earlier this year in an attempt to revive the struggling chipmaker after years of difficulties. Ireland Intel staff and families 'extremely concerned' at... Read More Tan so far has flattened the semiconductor giant's leadership team and taken direct oversight of its important data centre and AI chip group, plus its personal-computer chip group. He has brought in new engineering leaders. He has also aimed to cut what he viewed as Intel's bloated, slow-moving middle-management layer. Tan's moves follow years of manufacturing challenges at Intel and lost opportunity for mobile phone and AI chips. His predecessor, Pat Gelsinger, attempted an ambitious turnaround though he compounded some of Intel's problems. Intel reported an annual net loss attributable to the company - its first since 1986 - of $18.8 billion (€16 billion) in 2024. – Additional reporting: Reuters
Irish Times
30-06-2025
- Business
- Irish Times
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.'
BreakingNews.ie
13-06-2025
- BreakingNews.ie
Football supporters' Ryanair Dublin flight disruption trial collapses
Four Croatian football supporters accused of a disturbance on a plane which delayed a Ryanair flight at Dublin Airport have walked free from court after the trial collapsed on Friday. Marco Bajzec, 41, of Beechwood Park, Ballyboe, Glencar, Co Donegal, and Zvonimir Prkacin, 40, Luis Buic, 38, and Tomislav Zajec, 39, all of the same address at Confey, Leixlip, Co Kildare, were arrested on January 22nd. Advertisement The four had hoped to fly to London that morning for the Dinamo Zagreb versus Arsenal FC Champions League match at the Emirates Stadium that evening. Instead, they were charged with offensive behaviour on the aircraft but were granted bail that afternoon and pleaded not guilty. The four contested the case, which went to a non-jury hearing at Dublin District Court on Friday. Judge Susan Fay heard evidence from a cabin crew member alleging that they boarded normally. But just before take-off, one stood, asking to use the toilet. Advertisement The court heard he was advised it was not possible at that time. The captain was notified that the unspecified passenger was on his feet at the back galley. The plane could not take off, and he was advised several times, and that man was eventually given permission to use the toilet. Then his friends also wanted to go to the toilet, with one allegedly saying, "If you don't let me go to the toilet, I can urinate at the back galley", the court heard. The witness could not remember which of the four made that remark. Advertisement The captain was told they were not complying with the safety regulations, and it was not possible to proceed. A decision was made to offload them from the aircraft. However, the defence made legal submissions about lawyers for the four men not being furnished with the prosecution's witness statement before the hearing. The men's barristers opposed an adjournment, saying that one of the accused had been put on Ryanair's no-fly list, affecting his ability to travel. Barristers applied for a dismissal. Advertisement Judge Susan Fay described the disclosure issue as a "genuine oversight". She said the statement in question should have been disclosed, particularly where the issue had been ventilated before the hearing. However, she refused to grant a full dismissal of the charges and struck out the case. Ireland Parents of 25 children given leave to legally chal... Read More At their first appearance in January, Garda Emmet O'Byrne and Conor O'Neill told Judge Kelly they arrested the men at 9:15 am at stand 107L in Terminal 1. The four were brought to the airport and Ballymun Garda stations to be charged under the Air Navigation and Transport Act. The judge noted that Mr Bajzec and Buic made no reply while Zvonimir Prkacin answered, "I feel sorry for the passengers on the flight and the staff; they were delayed because of us". Mr Zajec stated to gardaí, "I have done nothing wrong"
