
Profit drop prompts 'reorganisation'
By Colin Barker
Published: 23 January 2009 08:54 GMT
Intel has announced between 5,000 and 6,000 job losses in a reorganisation of manufacturing operations.
In a short statement this week, Intel said it is closing down two existing assembly and test facilities: one in Penang, Malaysia, and one in Cavite, in the Philippines. It also said it will stop production at Fab 20, an older 200mm wafer fabrication facility in Hillsboro, Oregon.
Silicon-wafer production operations will also end at the D2 facility in Santa Clara, California.
The move will affect "between 5,000 and 6,000 employees worldwide" Intel said. The company added that "not all employees will leave Intel", and some may be offered positions at other facilities.
The actions will take place between now and the end of 2009, Intel said.
The news comes just over a week after Intel announced poor fourth-quarter results. The company had a 90 per cent drop in profit from the previous quarter and an $8.2bn drop or 23 per cent when compared to the same quarter in the previous year.
Regional Senior Sales/Business Development - Facilities Management - Soft & Hard Services - UK Wide Role - London - Birmingham - Manchester - Leeds ...
To be responsible for ensuring a continuous development of the fuel system test facility and it's associated processes which are critical to ...
If you have facility management experience and you are available - then I would like to speak to you. A Facilities Manager is required for one of our ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Dell PowerVault DL2100 Powered by CommVault - Spec Sheet
Data Protection Strategies: Deduplication for More Efficient Backups
True Convergence Demands a Communication Service Provider that Embraces a Customer-Centric...
Learn how Performance Metrics for Telcomm Expense Management Drive new ROIs and SLAs
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Mark Crichard Doing business with citizen developers: Beware the legal pitfalls Legal Eye: Make sure your business is protected from potential hazards
Tim Ferguson How CIOs can achieve post-recession success Q&A: McKinsey & Company on living in the 'new normal' business world