Intel offers Irish staff a three-month break from being paid
Chipmaker Intel is offering staff in Ireland the opportunity to take three months' leave from their jobs, with the catch being that it is unpaid. The move is part of cost saving measures at the company.
According to various reports in the Irish media, thousands of workers at Intel's manufacturing plant in Leixlip, County Kildare, were offered three months' voluntary unpaid leave in a bid to lower overheads.in October that it planned to lay off an unspecified number of employees worldwide, and even ditch some product lines, in response to a worsening economic situation.
However, this isn't going to stop the chipmaker from continuing to invest in building new chip manufacturing plants, as Intel when the company reiterated its commitment to manufacturing expansions in the US and in Europe that are set to cost billions of dollars., Intel said it was taking steps to reduce costs and improve efficiencies detailed during its recent earnings call, while protecting the investments needed to position the company for long-term growth.
"Retaining our manufacturing talent is a key element of positioning Intel for long-term growth. Voluntary time-off programs allow us an opportunity to reduce short-term costs and offer employees attractive time off options," the statement continued.
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