Irish jobs to go in Intel restructuring plan

Intel is seeking a small number of redundancies in Ireland as part of the company's plan to cut 1,000 management jobs in a worldwide…

Intel is seeking a small number of redundancies in Ireland as part of the company's plan to cut 1,000 management jobs in a worldwide cost-cutting move.

It is not yet clear how many of those cuts will be made at Intel's operations in Leixlip and Shannon.

Intel, the world's largest computer chip maker, employs nearly 5,000 people in Ireland at its production facility in Leixlip and service centre in Shannon.

In April, the company saw a 38 per cent drop in its first quarter profit as competitor Advanced Micro Devices gained market share and demand dropped for personal computers.

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At that time, Intel's chief executive, Paul Otellini, said he would restructure the company in an effort to save some $1 billion a year.