Intel cuts 1500 jobs as it eliminates operations in Costa Rica

[unhappycamper]

http://www.rawstory.com/rs/2014/04/08/intel-cuts-1500-jobs-as-it-eliminates-operations-in-costa-rica/

Intel cuts 1500 jobs as it eliminates operations in Costa Rica
By Reuters
Tuesday, April 8, 2014 16:50 EDT
By Noel Randewich

SAN FRANCISCO (Reuters) – Chipmaker Intel, struggling with a shrinking personal computer market, is shutting its assembly and test operation in Costa Rica and eliminating 1,500 jobs, a spokesman said on Tuesday.

The closure of the site, which is a significant contributor to Costa Rica’s exports, falls within a larger plan announced by the chipmaker earlier this year to cut spending as it attempts to grow beyond PCs into the mobile market.

“It’s being closed and consolidated into our other operations throughout the world,” spokesman Chuck Mulloy said of the assembly and test operations in Costa Rica.

During the next two quarters, Intel will move assembly and testing from its site in Heredia, where it has been present since 1997, to existing sites in China, Malaysia and Vietnam, Mulloy said.

[Sherman A1]

1. Hate to see anyone lose their job

I am sure that it will be difficult for those affected.