Feeds

Intel Ireland redundancy plan five-times oversubscribed

Wanted 170 to leave - 900 applied

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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

New hybrid storage solutions

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
Alibaba swings a large one with STONKING IPO legal bills
Chinese e-commerce beast searches for $21bn from investors
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.