Intel redundancy to be capped at two years’ pay

Intel managers indicate group may be prepared to cut between 350 and 400 positions In Ireland

Intel has about 4,500 employees and about 700 long-term contract workers in Ireland, mainly in the chipmaker’s largest site in Europe outside Leixlip, Co Kildare

Intel has about 4,500 employees and about 700 long-term contract workers in Ireland, mainly in the chipmaker’s largest site in Europe outside Leixlip, Co Kildare

Intel redundancy payments to Irish staff will be capped at two years’ salary under the chipmaker’s drive to cut 12,000 jobs globally amid declining demand for personal computers.

Managers at Intel’s three Irish locations continued holding one-on-one meetings with employees yesterday, amid indications the group may be prepared to cut between 350 and 400 positions here.

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