MORNING BRIEFING

Intel staff offered unpaid leave; Profits surge at Denis O’Brien’s Actavo

The stories you need to read this morning in business, politics and current affairs

Intel employs around 5,000 people in Ireland, making it one of the largest private employers in the state. Picture: RollingNews.ie

Thousands of Intel staff offered three months’ unpaid leave in cost-cutting drive

Up to 2,000 staff at Intel’s Irish operation have been offered three months’ unpaid leave as part of cost-cutting measures at the US chip giant worth billions of euros, the Business Post has learned.

Workers at the company’s manufacturing division have been offered the unpaid leave as part of a “voluntary time off” programme which is being implemented by the company.

Profits surge ...