Intel job cuts slip in under the radar
The US computer chip maker’s fourth-quarter results showed a 90 per cent fall in profits year-on-year, down to $234 million from $2.3 billion, writes Gavin Daly
It says a lot about the turmoil in the Irish economy that the news of up to 300 redundancies at Intel merited relatively little media coverage last week.
At any point during the boom of recent years, plans for significant layoffs at Intel would have dominated the news agenda. The US computer chip maker is regarded as a key employer in Ireland, and any changes to its operations are closely watched.
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