Over 400 jobs could be lost at Intel Ireland as part of the company's restructuring plan, informed sources have told RTÉ News.

However, it is understood the final figure will not be known for around a month.

At that stage applications to participate in the voluntary severance package will have been received from all the company's sites around the world, and decisions will be made about which staff in each location are to be included.

Intel employs over 4,000 permanent staff in Ireland who will be able to apply for the package, consisting of five weeks salary per year of service plus statutory entitlements.

Intel globally has said it intends to cut 12,000 or 11% of its worldwide workforce.

Management in Ireland will not comment on how many the company expects to let go from the 5,500 people it employs in Leixlip, Shannon and Cork.

However, well placed sources have said that the expectation is now in line with the stated global target, meaning that 11% of Intel Ireland's permanent workforce would lose their jobs.

That would mean over 400 staff are likely to be made redundant through the voluntary programme.