Intel workers to be told of potential job losses in weeks

Leo Varadkar tells IDA Ireland to monitor potential job losses at Leixlip plant as cost-cutting drive comes amid rapidly deteriorating economic outlook

Workers at chipmaker Intel, which is to cut up to $10 billion of costs over the next three years

Intel’s employees in Ireland will learn within weeks whether their jobs are at risk as the US chip giant imposes billions of euro worth of cost reductions, the Business Post has learned.

The chipmaker last week announced that it would cut up to $10 billion of costs from the business over the next three years amid slowing demand, falling revenues and a wider downturn in global tech stocks.

The announcement, which Intel signalled would include ...