BP Exclusive

Intel offers ‘thank you’ bonuses worth thousands to staff impacted by pay cuts

Chipmaker has told staff it wants to reward them for their ‘resilience’ during a period of ‘austerity’

In October, Intel restored the pay of those impacted by the pay cuts

Intel is offering “thank you” bonuses worth thousands of euro to workers whose pay was slashed earlier this year as part of cost-cutting measures imposed by the chipmaker, the Business Post has learned.

Leaked documents show Intel is paying out restricted stock unit (RSU) grants – meaning stock that can be sold after a period of time – to compensate those impacted by cuts between March and September 2023.

The bonuses, which are expected to ...