Almost 200 jobs are set to go at the Intel plant in Leixlip, Co Kildare as part of a major global restructuring of the company.
The chip manufacturer has informed the government that 195 members of staff could face compulsory redundancy. Around 4,900 people are employed at the Intel plant in Leixlip, and it is a key employer in the area.
Employees at the plant are set to be notified through communications via line managers over the next two week, the Business Post reports.
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Kfm reports that Intel issued a statement this afternoon, saying it is “taking steps to become a leaner, faster and more efficient company”.
“We are making these decisions based on careful consideration of what’s needed to position our business for the future, and we will treat people with care and respect as we complete this important work.”
Local TDs have called for a full suite of supports for those affected by the layoffs.
In April, the tech giant announced plans to cut over 20% of staff globally, according to Bloomberg, in a bid to “eliminate bureaucracy”.
The cuts at the chipmaker would be seen as as the first significant restructuring effort under new chief executive Lip-Bu Tan, who is said to be keen to streamline management and rebuild an engineering-driven culture in a global company that currently has close to 110,000 employees, down from 124,800 the previous year.
In March, in his first public statement as CEO, Tan spoke of “The New Intel,” which would focus on technical matters and a close relationship with customers.
“Under my leadership, Intel will be a company focused on engineering. We will push ourselves to develop the best products, listen closely to our customers, and hold ourselves accountable for our commitments,” he said.
Tan was appointed CEO following the departure of Pat Gelsinger, who sought to expand Intel’s manufacturing network and transform the company into a chip manufacturer for external customers. The struggling company saw its stock price plunge 60% in 2024, and faces significant challenges, including declining sales and stiff competition from Nvidia in AI computing.