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Technology Stocks : Intel Corporation (INTC)
INTC 37.28-0.6%3:59 PM EST
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To: milo_morai who wrote (145683)10/19/2001 11:52:39 AM
From: semiconeng  Read Replies (2) of 186894
 
gives 250 pink slips to it's Consumer electronics group in Oregon

So, just for your information, the employees were not given "Pink Slips". They were put in the re-deployment pool.

Redeployment is a program in which employees who's divisions have been eliminated, have 3 months to find another job inside the company. Redeployed employees get first shot at any other available jobs. During those 3 months, their ONLY job, is to find another job inside the company. During that time, they receive their standard salary. If they can't find a job, then intel provides outplacement services, and extends their medical coverage out to an additional 90 days after they leave.

Remind me.... What did AMD do for those 2500 employees that they laid off???

Semi
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