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 has also warned that it expects even worse results this quarter than the previous three months, with an expected revenue of seven billion dollars. (Source: Intel to shut facilities in Penang - Malaysiakini)
Tough times. Good thing that the Gaza war has ended. If not, there'll be more job losses with people boycotting US products and quitting jobs from McD, KFC etc in protest of the war. ;-)
No comments:
Post a Comment