Menu
Intel to close facilities, lay off thousands worldwide

Intel to close facilities, lay off thousands worldwide

Intel will close four facilities and lay off as many as 5,000 to 6,000 people in a restructuring of its manufacturing operations.

Intel will close four facilities and cut up to 6,000 jobs in a restructuring of its manufacturing operations announced on Wednesday.

Intel plans to close two assembly and test facilities -- one in Penang, Malaysia, and another in Cavite, the Philippines. It will also stop production at two wafer-production plants -- Fab 20, an older 200mm wafer fabrication plant in Hillsboro, Oregon, and D2, a facility in Santa Clara, California.

The changes will affect between 5,000 and 6,000 employees worldwide, Intel said. Not all those employees will lose their jobs, however, as Intel plans to offer some of them positions at other facilities, the company said.

Intel will gradually close the facilities between now and the end of 2009, it said. The closures are designed to "align its manufacturing capacity to current market conditions," the company said.

Like many technology companies, Intel has been hit hard by the U.S. recession, which also has affected the global economy. For its fourth quarter ended Dec. 27, 2008, Intel saw its profit plunge 90 percent from a year earlier, falling short of Wall Street estimates.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments