Intel is offering thousands of workers in Ireland three months unpaid leave as the US chipmaker looks to cut costs by $3bn next year to counter a dramatic downturn in the global industry.
The company, which earlier this year announced it was boosting investment at a new facility in Ireland, said employees at its manufacturing plant in Leixlip were being asked, not told, to consider the leave offer.
Intel said the scheme is a “voluntary time-off programme”. Asked what would happen if too few, or too many, staff signed up, Intel added: “Staff can apply and the business will decide what it can manage.”
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