2,000 jobs go at Intel Malaysia
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2,000 jobs go at Intel Malaysia
Cuts begin to bite
By INQUIRER staff: Monday 04 September 2006, 06:51
CHIP FIRM Intel will lay off up to 2,000 jobs at its Penang factory in an ominous sign that the cuts predicted here wil be very deep indeed.
The Star said that it is the second voluntary redundancy scheme offered in two months - one went out in mid-July as part of its manager cull.
Over the weekend we reported that Intel will webcast internally to its employees tomorrow, but senior managers have already been informed of the likely cuts to be made.
The Star reported that people at Intel Malaysia are being offered one and a half months salary for each year of service, or three months pay if they go straight away.
Early and reliable sources told the INQ some while back that as many as 5,000 jobs might go across the various Intel sites in Europe. But Intel has made no comment on job cuts as yet, apart from confirming the 90 days review is still underway. -
Intel Malaysia to slash 2,000 jobs in VSS exercise
By DAVID TAN
PENANG: Intel Malaysia is implementing a second voluntary separation scheme (VSS) on Wednesday which is expected to involve between 1,000 and 2,000 employees in the country.
The exercise is part of IntelÂ’s worldwide VSS scheme said to involve between 10,000 and 20,000 workers. It is also the second VSS offered to employees within two months, the first being on July 13.
The multinational now employs about 100,000 workers worldwide compared to 80,000 three years ago.
In Malaysia, Intel has over 6,500 workers in Penang, about 3,500 in Kulim, and about 200 in Cyberjaya.
Intel sources said a worldwide e-mail memorandum on the forthcoming VSS exercise was issued on Thursday in the United States by top management to all its employees.
The memorandum stated that Intel chief executive officer Paul S. Otellini would speak to employees worldwide via video conferencing this Wednesday, to give details on the VSS and the number of employees affected.
In April, the worldÂ’s largest chipmaker had forecast a significant decline in profits this year, saying it would reduce expenditure by about US$1bil (RM3.7bil).
The company had faced stiff competition from rival chipmaker, Advanced Micro Devices Inc, which gained a larger market share, particularly in the server segment.
On July 13, Intel implemented its first round of VSS which affected about 1,000 workers worldwide, including some 200 in Malaysia.
Otellini had then said the VSS measure was necessary as the company's efficiency analysis revealed slow and ineffective decision-making.
While the first exercise had involved mostly managers, the coming VSS is expected to cover employees at all levels.
Intel sources said that some employees in the human resources, purchasing, and logistics departments of Intel Malaysia had already received their VSS offers. They were offered 1.5 months salary for each year of service and three months pay for leaving on short notice.
In the first round, Intel Malaysia offered the VSS scheme to over 200 workers, comprising mainly managers, who all took up the offer.
No one from Intel Malaysia's public relations department was available for comment. -
poor them
everyone needs to eat -
Intel's worldwide 10,000 slashing of jobs is about to become a reality....
with 6000+ retrenched 3 months back + 2000 in Malaysia now...
dunno where the 3rd place is. -
Intel to put Israel developments on hold
Government hacked off at 6,500 job losses
By Nick Farrell: Monday 04 September 2006, 13:44
CHIPZILLA'S plan to invest in a new fab in Israel have been put on hold, despite the fact that Intel is still building the plant.
Intel is due to complete construction of the Kiryat Gat fab by mid-2008, but analysts are convinced that Chipzilla is not going to hire staff to run it.
Apparently this is because the Israeli government is talking about pulling the plug on hundreds of millions of dollars in set-up grants to the company. This is because in the latest round of cut-backs, Intel handed more than 6,500 P45s to loyal Israeli employees.
What's P45s???