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Intel Ireland Cost Cutting Drive: 2,000 Employees Offered Unpaid Leave

Intel appears to have offered thousands of Irish employees the opportunity to take extended unpaid leave. According to reports, up to 2,000 of the 5,000 staff of Intel’s Leixlip Campus I was offered the option of three months of unpaid leave. The Irish news follows Intel’s plans for global layoffs announced in October. Intel says it is offering unpaid leave options because it wants to retain talented staff.

The unpaid leave approach will help Intel’s long-term growth by reducing costs while retaining talent, Intel said in a statement. “A voluntary leave program gives us the opportunity to reduce short-term costs and offer our employees attractive leave options,” Intel said in a statement. RTEs“Manufacturing human resources is a key component of our business here in Ireland.”

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