The threat of layoffs by Intel was announced a number of weeks ago, a threat that also involves employees of the high tech giant in Israel. It now appears that hundreds of Israeli employees of Intel will be informed of their imminent dismissal in the coming days. Some of the veteran employees will be offered a voluntary retirement package as Intel announced it was going to cut its global staff by 11%, amounting to 12,000 of its 107,000 employees. In Israel, employees will be offered early retirement at 58.
Intel Israel employees some 10,000 employees in Yerushalayim, Haifa, Petach Tikvah, Kiryat Gat and Kibbutz Yakum.
Globes reports that many who will be targeted in the layoffs in Israel will include those who received a lower annual evaluation. In addition to layoffs, Intel Israel may consolidate some of its facilities.
(YWN – Israel Desk, Jerusalem)
Join the official YWN WhatsApp status
One Response
Lopsided reporting. Intel announced both that (1) it will be retiring and laying off several hundred employees in Israel and that (2) it will be hiring employees for its new fabrication plant in Kiryat Gat (which will employ some 4,000 employees in 2017). And the few hundred employees that it will be letting go of will receive generous severance/retirement packages. Why only report the negative?