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Thread: Intel layoffs in Ireland

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    Politics.ie Member
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    Default Intel layoffs in Ireland

    This is not on any news item and there is no link for it but I am satisfied as to the source of this information. Intel are to commence what is alleged to be up to circa 1500 redundancies in Kildare with an intial layoff of 350. I don't know when it will be announced but I am satisfied that the information comes from a genuine source.

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    Politics.ie Member Catalpa's Avatar
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    Quote Originally Posted by kerrynorth View Post
    This is not on any news item and there is no link for it but I am satisfied as to the source of this information. Intel are to commence what is alleged to be up to circa 1500 redundancies in Kildare with an intial layoff of 350. I don't know when it will be announced but I am satisfied that the information comes from a genuine source.
    KN

    This bad bad news.....

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    thats been coming for a long time now

    no shock if its actually in motion.

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    Damn, that is very bad news. Is there any breakdown on the voluntary vs compulsory type, although I presume that they will be the latter, given the average age of the company is quiet young. ( 35 I believe, is that correct)
    Fianna Fáil
    The Land agents party.

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    Quote Originally Posted by kerrynorth View Post
    This is not on any news item and there is no link for it but I am satisfied as to the source of this information. Intel are to commence what is alleged to be up to circa 1500 redundancies in Kildare with an intial layoff of 350. I don't know when it will be announced but I am satisfied that the information comes from a genuine source.
    Translation: 'I read it on the Pin'.

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    Politics.ie Member Ulster-Lad's Avatar
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    Quote Originally Posted by conservative green View Post
    Translation: 'I read it on the Pin'.

    KN information has been very reliable in the past.
    ‘The Great only appear great because we are on our knees: Let Us Rise!’ “ (James Larkin)

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    Politics.ie Member FutureTaoiseach's Avatar
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    Horrifying if true. Don't Intel alone account for 10% of our exports?

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    I just want to put it on record that I received information to the contrary a while ago, that Intel are actually planning further investment in Ireland. I don't question how genuine the person in question was but they wouldn't have been at the higher levels of the company's thinking.
    LICENTIA LOQUENDI

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    Politics.ie Member mmrebel's Avatar
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    Intel Corp. said Tuesday its first-quarter profit dropped 55% amid a weak market for personal computers, but the world's largest chipmaker topped Wall Street's forecasts for earnings and revenue.

    The Santa Clara, Calif.-based company's net income totaled $647 million, or 11 cents per share, for the three months ended March 28, compared with $1.44 billion, or 25 cents per share, in the year-earlier period.
    Intel's profit and revenue beat estimates, shares fall - Apr. 14, 2009

    So they are not making enough profit and thats why they are letting people go

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    Quote Originally Posted by FutureTaoiseach View Post
    Horrifying if true. Don't Intel alone account for 10% of our exports?
    that 10% is responsible for part of our problems

    The PS CS have been paying themselves and the social partners on the back of these trade anomalies

    now we will see our true GDP

    Agriculture and a few small industries thats what we have.

    ZANU FF have not developed this country since the great Sean Lemass, shame on them

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