News: Intel lays off 1,500 employees in Costa Rica

Strategic HR

Intel lays off 1,500 employees in Costa Rica

US microchip giant Intel has announced it was reducing its assembly and testing operations in Costa Rica and will lay off 1,500 employees. Yesterday’s move was a major blow to the economy of the Central American country, where 2,700 people were employed at an assembly plant set up in 1998. “We are going to phase our manufacturing operations in Costa Rica over the next six months. It is assembly test manufacturing. It will result in the loss of about 1,500 jobs,” Intel spokesman Chuck Mulloy told AFP. He said efficiency was behind the changes.

US microchip giant Intel has announced it was reducing its assembly and testing operations in Costa Rica and will lay off 1,500 employees. Yesterday’s move was a major blow to the economy of the Central American country, where 2,700 people were employed at an assembly plant set up in 1998. “We are going to phase our manufacturing operations in Costa Rica over the next six months. It is assembly test manufacturing. It will result in the loss of about 1,500 jobs,” Intel spokesman Chuck Mulloy told AFP. He said efficiency was behind the changes.

Read the Hindu Business Line news report here.

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Topics: Strategic HR, #Current, #International

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