Intel Ends Presence In Philippines

[themann]

Manila, Philippines (AHN) - Microprocessor giant Intel told its employees in the Philippines it will close its test-and-assembly facility in the region after over 20 years of operations.

The announcement was carried in a company e-mail sent to Intel employees at around 10am Wednesday.

The move came two months after Intel initiated its first batch of job cuts in the Philippines.

Intel said there are succeeding "phases" in the planned restructuring and promised to pay separation packages to employees who will be affected.

However, the firm had not indicated a timeline for the planned shutdown of its plant in General Trias, Cavite, south of the Philippine capital of Manila.

At least 1,800 Intel personnel are to be affected by the shut down.

Reports indicate that the U.S.-based chipmaker is also planning to shut down three other facilities in other countries, citing the global economic downturn had weakened demands for its products and reduced profits.

grabe ang laki ng impact nito on displaced workers.......

[j_avonni]

Heard the news in the radio this morning. Too bad! Another 1,800 unemployed. I hope they get hefty separation benefits to tide them over while looking for another job.


:coffee: [SIZE="1"]4103[/SIZE]

[Negus]

TS, can you please post the source link to this article? TIA.

[uls]

http://www.google.com/hostednews/afp...4qoLSaL5wsdzIg

Intel to shut facilities in Malaysia, Philippines, US

1 hour ago

WASHINGTON (AFP) — Intel Corp., the world's biggest computer chip maker, announced plans on Wednesday to close facilities in Malaysia, the Philippines and the United States.

The Santa Clara, California-based company said the moves were expected to affect between 5,000 and 6,000 employees worldwide.

"However, not all employees will leave Intel," the company said in a statement. "Some may be offered positions at other facilities."

Intel said it will close two assembly test facilities in Penang, Malaysia, and one in Cavite, Philippines, in addition to wafer production facilities in Santa Clara and Hillsboro, Oregon.

The closures, Intel said, will take place between now and the end of 2009.

The moves were designed to "align its manufacturing capacity to current market conditions," the company added.

Intel reported last week that the economic slowdown and slumping demand for personal computers sent net profit sharply lower in the fourth quarter of the year.

It said net profit in the last three months of the year plunged to 234 million dollars, down 90 percent from a year ago.

Intel has also warned that it expects even worse results this quarter than the previous three months, with an expected revenue of seven billion dollars.

----

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[nicolodeon]

You can point your blaming finger the Cavite local government for this.

[jansky]

You can point your blaming finger the Cavite local government for this.

why point to the local government since this is a worldwide problem? its economic meltdown

[alwayz_yummy]

well, not just the local government of cavite.. blame also the national government... hirap na magnegosyo sa pilipinas! tatadtarid ka na sa tax, tatadtarin ka pa sa penalty, and worst, pati sarili mong tao na nagmakaawa sa yo magtrabaho, ninakawan ka na, dinemanda ka pa sa labor!

hay.....

theres a world financial meltdown, but our government still wont admit na damay na tayo..... di kasi nila nakikita buhay ng common na tao, basta mahalaga nasa kanila parin ang pera na dapat para sa bayan

[safeorigin]

well, seeing that small companies are maturing and nearly equalizing intel in terms of tech, this should be interesting. on the otherhand,

boo for intel

[gearhead000]

Ano daw? Nag-rerecruit yata para sa Vietnam plant. Rubbing salt to injuries ba ito?