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Intel cuts back production, closing businesses and is preparing for cuts

Friday, April 10, 2009

Intel Corporation unveiled its plans to restructure production. The measures are dictated by the financial crisis and the need to «balance output with current market conditions».

In these difficult times, the corporation decided to liquidate some old lines of production.

Particularly emphasized that the cuts would not affect the new line, which produces technology for the 45 and 32 nm.

Intel announced that the 2 companies will be closed for testing assemblies. One company is in Malaysia, the second to the Philippines.

Reported changes affect 5000-6000 jobs. How many people will be forced to look for other jobs yet unknown, because the number of employees the corporation expects to employ at its other plants. Full restructuring should be carried out before the end of the year.

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