Worrying sign for Ireland - Intel jobs cuts

THE decision by the American tech giant Intel to cut its 100,000 strong workforce worldwide by 12,000 is a worrying sign for the future of multinationals in Ireland.

While it is too early to say whether or not its operations in Ireland will be affected by the cuts, it nonetheless reveals the mindset of the people who run these huge companies. They are driven solely by profit and anything — or anyone — getting in the way of that will undoubtedly suffer.

The company employs around 5,500 people in Ireland. In the region of 4,500 of those are at its manufacturing campus in Leixlip and the remainder are spread across its security business in Cork and its research and development labs in Shannon.