While browsing twitter, I have seen this buzz that the Intel Philippines has announced to employees its plan to shut down its more than two-decade-old test-and-assembly facility in the Philippines. This is a news in which worst than the Manila Accenture Mass Layoff . The employees has until the End of 2009 to find new job.
The announcement was made via email sent to employees around 10 a.m. Wednesday ( january 21,2009 ) in which several sources confirmed with INQUIRER.net. According to sources, the announcement was half-expected as Intel announced its first batch of lay-offs in November last year. The rest of the employees were informed about succeeding "phases" in layoffs and that they will get their separation packages in three months’ time. The Philippine Intel’s manufacturing company still employs about 3,000 workers. This morning’s email confirmed the eventual shutdown, although there was no definite timeline indicated when exactly Intel’s facility in General Trias, Cavite will close.
Intel is also reportedly shutting down at least three more facilities in other countries aside from the Philippines due to weakened demand brought about by the current global economic downturn.
Source : inquirer.net via LadyProgrammer