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Intel recently announced plans to cut 15% of its workforce to reduce costs and improve earnings. In Ireland, the company has offered voluntary severance packages to employees at its Leixlip plant, potentially worth up to €500,000.

The offer, made to staff last week, allows employees until August 23 to apply. Those with more than two years of service could receive five weeks' pay for each year worked, in addition to Ireland’s statutory two weeks’ pay per year, capped at €600 per week. Employees with less than two years of service would also receive five weeks’ pay per year. The severance packages could total €500,000 for those approved, with decisions announced on September 6 and departures set for September 30.

Intel employs around 4,900 people in Ireland, so a 15% reduction would affect approximately 730 employees. If there aren’t enough volunteers, Intel may resort to compulsory layoffs.

It's unclear if the 15% cut will apply directly to Ireland. Intel declined to comment on specific figures, stating it is still assessing the local impact.

In 2022, Intel encouraged up to 2,000 Irish employees to take three months of unpaid leave as a cost-saving measure and reduced its global workforce by 5% by the end of 2023.

Notably, Intel recently moved some high-volume chip production to Ireland, which it cited as a factor in its declining gross margin. CFO David Zinsner noted that while the move resulted in $1 billion in capital expenditure savings, it would ultimately benefit the company long-term.

Editor：Lulu

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