Intel employees in Ireland put on unpaid leave to cut costs – The Business Post

Dec 1 (Reuters) – Up to 2,000 employees at Intel Corp’s Irish operations have been given three months of unpaid leave as part of cost-cutting measures, The Business Post reported on Thursday.

Employees at Intel’s manufacturing unit have reportedly been given unpaid leave as part of a “voluntary leave” program the company is implementing.

“The voluntary furlough scheme gives us an opportunity to reduce short-term costs and provide employees with attractive leave options,” Intel told Reuters in an emailed statement, adding that manufacturing talent is an important part of its business in Ireland part.

Intel has nearly 5,000 employees in Ireland.

The move comes as the chipmaker cut its full-year profit and revenue forecast in October and warned of layoffs. Intel also said it would reduce costs amid macroeconomic more

Reporting by Tiyashi Datta in Bengaluru; Editing by Maju Samuel

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