Intel shuts Shanghai plant
Chinese job shift
Intel plans to shut down an integrated circuit-packaging plant in Shanghai as a cost-cutting measure that will affect about 2,000 workers.
The company said today its chip manufacturing facility in the open economic development zone of Pudong, China will be shuttered over the next 12 to 18 months.
Intel spokesman Chuck Malloy told us the workers there are expected to be offered positions at the company's Chengdu or Dalian plants elsewhere in China.
The chip maker's assembly test facility in Chengdu currently employs over 600 people, according to the Intel website. Mulloy said the company is still working out the details of how many positions will be available at the plant.
The Dalian fab is still under construction and expected to begin chip production in 2010. The plant presently has a small number of employees now but will grow, according to Mulloy.
Intel has already announced the consolidation of several manufacturing and R&D operations around the globe this year to compensate for slower sales in the global recession.
In January, Intel said it will close chip assembly plants in Malaysia and the Philippines and stop US wafer operations in Oregon and California, affecting between 5,000 and 6,000 employees at the sites. Weeks later, it announced plans to merge its 800 European-based research and development staff into a single organization, dubbed Intel Labs Europe.
The cutbacks are spurred by Intel's 90 per cent drop in net income for its fourth quarter 2008 due to lowered demand from computers and a billion-dollar write-off of its investment in the WiMAX service provider Clearwire. ®
Why do we buy shit from companies...
that don't produce said shit in our own areas/economic communities. Intel is closing it's North American fab plants and downsizing European facilities after having taken BILLIONS in profits from these areas, only to set up in the third world where their costs are lower.
So they've taken good paying jobs out of the economies that built them but still expect us to pay the premium prices for their products so that they can afford to subsidies the third world so that those economies become dependent on that technology.
All the while these third world/developing economies are becoming our competitors for all jobs AND we are still subsidizing them. This has got to stop!
I don't know why the people of the UK find it acceptable to pay higher prices for technology than we do in North America. The prices are often much more, I sure hope that not all tax.
Grrr Gnash Gnash?
<grrr gnash gnash>
1 - the cost of the crash to be met by the banks, investment organisations, Board members and high income earners within those organisations
2 - transfer of nation debts encountered in dealing with the 'crash' (I prefer to call it 'folly') to be forwarded immediately to those banks, investment organisations, Board members and high income earners within those organisations (seizure of corporate, personal and sequestered assets, chattels and belongings a pre-requisite)
3 - organisations encountering huge tockpiles due to way the crash/folly has been handled to have costs met to have such stocks moved to the public at no or little cost (eg UK car manufacturers will be able to raffle or release stock according to government set criteria to residents/citizens of that country for free. Yep! Free!
4 - polluter pays principles to be evoked. The finance sector did it, the finance sector pays for it, the finance sector pays for the cleaning up afterwards.
</grrr gnash gnash>
Yes the banks/finance sector has been guilty of some interesting manipulation of the numbers. But... without the credit they generated would we have had the boom of the last 10 years?