Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Intel, the multi-national microchip manufacturer, has announced plans to cut 200 jobs at its Leixlip site by the end of 2007. The company has issued a statement saying that it plans to cut the 200 jobs through a voluntary redundancy programme. The company is offering six weeks pay for each year of service, in addition to statutory entitlements to workers who leave. The job cuts will come in the firm’s fabrication or manufacturing areas as well as in the support services area.
The firm employs 5,500 at its Leixlip plant on the outskirts of Dublin, and is one of the biggest private-sector employers operating in Ireland. The Irish Government and development agency IDA Ireland have described it as ‘a strategically important’ investor and employer, and IDA Ireland has backed its expansion in Ireland with grants worth millions of euros.
Intel Ireland chief executive Jim O'Hara stated that the firm wanted to cut numbers at the Kildare plant to boost competitiveness. However, he stressed that Intel still has a long-term commitment to Ireland. ‘We are all committed to ensuring our success in the long haul’, he stated.
The announcement in Leixlip came on the same day as Intel's group chief executive, Paul Otellini, announced the development of new technology in San Francisco that it plans to begin producing in 2008. The Leixlip plant will not manufacture this new product, as it successfully bid to manufacture the group's current technology. The multinational's strategy is to launch a new product every two years. The Leixlip plant will compete with other group facilities to manufacture future generations of Intel's processors. It already has planning permission needed to facilitate any expansion at the site.
Intel is the largest producer of microchips in the world. The group’s products are used to power computers, mobile phones and other high-tech devices.
Eurofound (2007), Intel, Internal restructuring in Ireland, factsheet number 65823, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65823.
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