Intel targeting most experienced staff for voluntary redundancy offers
Published 10/05/2016 | 02:30
Long-serving Intel workers have been given three weeks to decide whether to take a voluntary exit deal as part of a global cull of 12,000 jobs.
Sources revealed that staff with over 20 years' experience have been targeted in the workforce reduction and have been given until May 27 to decide whether to leave.
It is believed that Intel is seeking at least 400 departures from the workforce of 4,500 in plants in Leixlip, Shannon and Cork, due to declining demand for PCs as it shifts focus to cloud computing.
Sources said staff were told to access an online tool which allows them to work out how much of a redundancy package they are entitled to.
The voluntary sign-up period opened on May 5. They have been given until the May 27 deadline to click 'accept' on the 'selection tool'. Sources said staff with huge expertise based at the 350-acre campus in Leixlip had been selected for the programme, from process technicians and maintenance technicians to planning and yield engineers.
The chief criterion is their length of service, particularly if they have remained in the same position or grade for a long time.
Although the company did not specify how it selected those for the redundancy programme, staff said those with less than 20 years' experience were turned down when they applied.
Workers have been told that they can stay and continue working, but those 'on the list' fear they will be viewed as 'stagnant' and will be the first to go in the event of further cuts.
They also fear that the redundancy offer - worth five weeks' pay per year of service plus statutory, capped at two years pay - may be withdrawn.
"Whatever way they were selected, no one in Ireland had a say," said a source. "It came from the States.
"The new CEO let executives go last year and what he seems to want is young workers on lower wages pushing upwards for promotion constantly."
News of the redundancies has caused surprise in Ireland as the company has invested €3.6bn in the last five years upgrading the Leixlip plant, which is its biggest in Europe.