The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
674 jobs Number of planned job losses
Announcement Date
6 December 2022
Employment effect (start)
6 December 2022
Foreseen end date
Description
Intel, the multinational semi-conductor and cloud software provider, has announced an internal restructuring plan which will cut at least 674 jobs from its global workforce. In Ireland at least 130 jobs will be cut, not including those who have participated in a three month voluntary leave scheme. In the USA, a minimum of 544 jobs will be lost in the California area. At this early stage it is anticipated that further announcements will indicate cuts in Ireland, USA and on a smaller scale, other parts of the company's global operations.
Intel's CEO stated in October that the company must cut costs due to a persistent drop in computer demand, with reduced investment in plants and lower operational costs.
A previous restructuring event has been recorded in the ERM Events database in 2021, with an expansion of 1600 jobs in Ireland (Intel-2021-IE).
Eurofound (2022), Intel, Internal restructuring in World, factsheet number 108216, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108216.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
