Feeds

Intel Ireland redundancy plan five-times oversubscribed

Wanted 170 to leave - 900 applied

  • alert
  • submit to reddit

Reducing security risks from open source software

Intel's attempt to reduce its global headcount through voluntary redundancies and retirements - what human resources folk picturesquely refer to as 'natural wastage' - is proving very successful in the chip giant's Ireland operation.

Too successful, in fact.

Sources close to the Irish fab tell us that having sought 170 volunteers to quit their posts in return for a handsome pay-off, Intel managers were inundated with applications from staff keen to leave the company. Around 900 workers said they wanted out - more than five times as many as management anticipated.

Never ones to waste an opportunity, senior Intel staffers have allowed nearly half of their lesser colleagues to be made redundant. We hear that 426 staff have now left the company, leading our mole to note that "apparently you can now get a car parking space with no difficulty".

Intel's Irish fab has apparently been running at 20 per cent capacity for some time now - no great surprise, this, given how poor demand has been in the chip sector over the last six months or so - but production is expected to ramp up once more, presumably in anticipation of rising demand for the now so much cheaper Pentium 4. Clearly not enough, however, for the 400-odd staff to be forced to keep their jobs. ®

Related Stories

Intel delays $2bn Irish fab upgrade
5000 jobs to be axed at Intel as slowdown hits

Eight steps to building an HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.