The Daily Star Ireland
Intel is embarking on a significant organizational overhaul under the leadership of its new CEO, Lip-Bu Tan. The company aims to streamline operations, reduce management layers, and enhance decision-making speed. While the exact number of job cuts has not been officially confirmed, reports suggest that up to 20% of the global workforce could be affected. Intel has indicated that final decisions regarding headcount reductions may be finalized by July.
Intel’s presence in Ireland is substantial, with approximately 4,900 employees at its Leixlip facility in County Kildare and around 300 at its Shannon plant in County Clare. The company has previously announced plans to close the Shannon facility by the third quarter of this year.
The potential impact of the broader restructuring on the Irish workforce remains uncertain. Intel Ireland has stated that executive team leaders will make decisions based on their business priorities and that further details are being assessed to understand the local implications.
Government Response and Economic Considerations
Irish government officials have expressed concern over the potential job losses. Minister for Enterprise Peter Burke has been in contact with Intel and is working with IDA Ireland to monitor the situation. He acknowledged the uncertainty faced by staff and emphasized the importance of Intel’s continued investment in semiconductor manufacturing, which is a primary activity in Ireland.
Highlighted the company’s significant role in Ireland’s economy. He noted the government’s vigilance in the face of global economic flux and the importance of maintaining favorable conditions for multinational companies operating in Ireland.
Sinn Féin’s Spokesperson on Enterprise, Tourism and Employment, Rose Conway-Walsh, called for proactive measures to prepare for potential further withdrawals by multinational corporations. She emphasized the need to focus on nurturing domestic businesses and investing in research, development, and innovation to ensure sustainable economic growth.
