Intel Ireland has recently been the center of controversies as the company reportedly planned to cut off jobs across its operations in the country. Now reports have indicated that the total quantity of lost jobs will be at least 400 as a result of voluntary redundancy.
The company is believed to have started assembling its Irish staff on the evening of Tuesday, according to The Irish Times. The meetings were conducted in hopes to detail the redundancy pay terms, which were offered as Intel planned to layoff its workers in Ireland.
The said terms state that the technology giant is prepared to offer its employees (ranging from 350 to 400) voluntary redundancy. However, the company did not release any official statement as to what the exact numbers would be in regard to the said voluntary offer.
It holds true, though, that the workers who are willing to accept the offer are expected to receive a salary equivalent to five week's work in yearly service. This is on top of two week's pay called statutory entitlement, as reported by RTE News.
The only catch, however, is that the said figures are weaker offers compared to the six week's pay, along with an added statutory redundancy payments that were provided to employees involved in the previous Irish workers' layoff in 2009.
It is worth noting that Intel has around 4,500 workers under its umbrella, while the total number of long-term contract employees is 700.
The company's managers have begun notifying their staff on Tuesday about the impending situation, but it was only on Wednesday when the employees had the chance to sit down with their bosses.
Intel also revealed in April its plans to remove 12,000 jobs worldwide, something that is equivalent to 11 percent of its total workforce. The catastrophe was believed to have been the company's struggle in competing in Cloud Computing and mobile market, as well as the high demands of personal computers.
