Intel Announces Layoffs And A Plant Closure

Yesterday Intel announced that it’s closing the Massachusetts fab 17 affecting 700 employees, according to the Boston post “Intel will close Mass. plant, cut 700 jobs“. Today Intel announced that it’s “redeploying” 400 people at it’s Rio Rancho Fab11x plant according to the Albuquerque Journal “Intel cutting 400 positions from Rio Rancho plant“.

“Due to a shifting market, we are making some difficult business decisions. Specifically, in New Mexico, we have notified employees of a phased process of redeploying up to 400 positions,” company spokeswoman Natasha Martell Jackson said in an email.

The company said it is offering Rio Rancho employees jobs at other Intel locations, buyouts and severance packages to achieve the workforce reduction. Once it becomes clearer how many are willing to take the various offers, the company said it will be able to offer more detail on the reduction.

In March of 2009 Intel had layoffs and I wrote “Planning For Loosing My Job And Extended Unemployment” when the Rio Rancho site laid off 200 people.

I survived that layoff and wrote “Intel’s New Mexico Site Layoffs, One Week Later“. I don’t know if I will survive this one.

A few more articles from The Albquerque Journal “Intel plant in Rio Rancho cutting 400 jobs” and “City reacts to Intel’s job cut announcement“.

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