Intel to cut 10,000 jobs worldwide
One of the Ireland's biggest employers looks set to shed 10,000 employees worldwide.
Intel, which has more than 5,500 workers in Ireland, is expected to announce a plan to cut up to one tenth of its staff worldwide.
Intel Chief Executive Paul Otellini is to brief staff on Tuesday about the results of an internal report which was commissioned last spring following the company's largest profits drop in four years.
Initial reports have suggested that anything between 10,000 and 20,000 jobs could be cut globally.
Intel shed 5,000 employees in 2001, and a further 4,000 in 2002, but the Irish operations were virtually unaffected by the cuts on those occasions.
It is being speculated that the latest jobs cuts will happen in the marketing division, which again would have little impact on the Irish facilities as the company has just one sales and marketing manager in the country.
