Intel staff in Ireland offered unpaid leave in cost-cutting drive - Business Post

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Up to 2,000 staff at Intel Corp's Irish operation have been offered three months' unpaid leave as part of cost-cutting measures, the Business Post reported on Thursday.

According to the report, workers at Intel's manufacturing division have been offered the unpaid leave as part of a "voluntary time off" program which is being implemented by the company.

"Voluntary time off programs allow us an opportunity to reduce short term costs and offer employees attractive time off options," Intel told Reuters in an emailed statement, adding that manufacturing talent represents an important element of its business in Ireland.The move comes as the chipmaker in October cut its full-year profit and revenue forecast and warned it would lay off staff. Intel also said it would reduce costs amid the macroeconomic uncertainties.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

All Intel staff are now sole traders.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Gen Z will be a challenge for your business - Dallas Business JournalAs with any new generation that enters the workforce, managers have been flummoxed by Gen Z. Experts say many businesses have a serious Gen Z problem they'll have to address to be successful, but it has nothing to do with the generation's vocal opinions, its willingness to change jobs or its work ethic.
Source: DallasBizNews - 🏆 525. / 51 Read more »

Why Gen Z will be a challenge for your business - San Francisco Business TimesAs with any new generation that enters the workforce, managers have been flummoxed by Gen Z. Experts say many businesses have a serious Gen Z problem they'll have to address to be successful, but it has nothing to do with the generation's vocal opinions, its willingness to change jobs or its work ethic.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Why Gen Z will be a challenge for your business - Jacksonville Business JournalAs with any new generation that enters the workforce, managers have been flummoxed by Gen Z. Experts say many businesses have a serious Gen Z problem they'll have to address to be successful, but it has nothing to do with the generation's vocal opinions, its willingness to change jobs or its work ethic.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Why Gen Z will be a challenge for your business - Silicon Valley Business JournalAs with any new generation that enters the workforce, managers have been flummoxed by Gen Z. Experts say many businesses have a serious Gen Z problem they'll have to address to be successful, but it has nothing to do with the generation's vocal opinions, its willingness to change jobs or its work ethic.
Source: svbizjournal - 🏆 334. / 59 Read more »