Intel said last night it would lay off 1,000 managers, or about 1% of its workforce, as it seeks to streamline its business amid tough competition in the sector. Only a small number of people in its Irish operations are likely to be affected.
The world's biggest chip maker had already flagged in April that it would conduct a big review of its operations. Last month, Intel said it would sell its money-losing communications chip business to Marvell Technology Group for $600m as it refocused on personal computer processors and related chips.
A spokeswoman for Intel said a voluntary redundancy scheme would be made available to management grade employees at its Irish operations. Intel employs more than 5,000 people in Ireland and 100,000 people worldwide.
The voluntary package being offered by the company is the equivalent of six weeks pay per year of service plus statutory redundancy.
