Intel recently announced it would lay off 15% of its total workforce to cut costs and turn around lackluster earnings. In Ireland, the chipmaker recently offered voluntary severance packages to its Leixlip staff that could amount to 500,000 euros.
The proposal, circulated to employees last week, gives staff members until Aug. 23 to apply for voluntary severance. Under the terms offered, staff with more than two years of service could receive an additional five weeks’ pay for each year of service. It is in addition to Ireland’s statutory rate of two weeks’ pay per year of service, capped at 600 euros per week.
