Intel axes 300 Danes
To be or not to be
Updated Intel has sacked 300 employees at its Danish networking products R&D operation.
Staff were told of the plan yesterday afternoon, reports Danish paper Jyllands Posten, though the decision to make the redundancies was taken on Monday.
The R&D operation was built out of the acquistion of business from Case Technologies, Olicom and, more recently, NKT-Giga. The latter operation will be retained - it focuses on network components - Intel having only had it for a year. It paid around Kr10 billion ($1.15 billion) for the business.
The cuts are believed to be part of Intel's plan to eliminate 5000 jobs this year around the world. A couple of months ago, the company's Online Services division laid off 600 workers.
And, indeed, Intel has now confirmed that the cuts are part of the 5000. ®
Jyllands Posten: Redundancies at Intel Denmark (in Danish)