Reuters reported, citing the Business Post, that Intel has offered a three-month unpaid leave of absence to part of its Irish chipmaker to cut costs. Nearly 2,000 of the 5,000 people working at the Intel facility in Ireland agreed with the proposal, according to the source.
Image Source: Intel
This form of employee engagement allows Intel to both reduce costs and retain valuable employees. As you know, next year alone the company intends to save up to $3 billion, and this will be achieved, among other things, by reducing staff. The “Irish scheme” is convenient for the employer because, if necessary, the production activity of the enterprise can be increased by returning the full number of personnel to the workshops.
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Patrick Gelsinger, shortly after taking over as CEO of Intel, spent a lot of time on the Irish site, declaring the company’s intention to spend up to 17 billion euros on its development. Toward the end of 2023, the release of components according to the Intel 4 process technology, the most advanced in the near future for this company, can be mastered here. It remains to be hoped that “hidden unemployment” at the enterprise will not prevent Intel from implementing these plans.