UP TO 195 people are set to lose their jobs as a result of compulsory redundancies at Intel.
The company has told the government that up to 195 workers could lose their jobs at the plant in Leixlip, Co Kildare.
The collective redundancy notification was submitted to the Department of Enterprise.
The 195 figure is said to be a “worst case scenario” – and the final number may be lower.
At present, around 4,900 people are employed at the plant.
In April, it was revealed that the company was planning to cut up to 20 per cent of its global workforce.
The announcement was part of new CEO Lip-Bu Tan’s first major restructure, aimed at streamlining management and putting a refocus on engineering-driven culture.
This was as a result of a weak set of financial results that were below analysts estimates.
At the time, Intel CEO Lip-Bu Tan sent a memo to staff, saying that the company needed to get back to its roots, empower engineers and remove organisational complexity.
He said: “There is no way around the fact that these critical changes will reduce the size of our workforce.
“As I said when I joined, we need to make some very hard decisions to put our company on a solid footing for the future.
“This will begin in Q2, and we will move as quickly as possible over the next several months.”
This is the latest development after a previous round of job cuts in 2024.
Silicon Valley chipmaker Intel has been struggling for some years but it was reported in March that new chief Tan was planning major changes to its methods and artificial intelligence strategies.
Streamlining operations is seen as a central part of his strategy to refocus Intel’s business and free up cash for costly investments in chip manufacturing.
Following his appointment, he had told staff he had to make “tough decisions.”
