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Dublin Live
Dublin Live
National
Dan Grennan

Recession Ireland: Tech firm Intel offer 'short-term layoffs' to cut costs

Global tech firm Intel have offered manufacturing staff at their Kildare plant voluntary "short-term layoffs" as the company cuts costs.

It is unclear how many of the 4,500 staff at the Leixlip plant will have to take up the unpaid leave which is said to last three months. The computer chip producing tech giant has seen a slowdown in demand for their products.

Kildare TD James Lawless said the "short-term layoffs", as he described them, were down to global factors and played down any loss in confidence in the Leixlip plant. Previously, a top economist warned the "tech dream" could be over as interest rates rise after Twitter, Stripe and Meta announced major job losses.

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