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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Fred Fahmy who wrote (65234)	9/22/1998 6:51:00 PM
From: Paul Engel	Respond to of 186894

Fred & Intel Investors - Intel Plans a Reduction of 675 Employees at the DEC/Husdson facility in 1999. They site streamlining efforts to keep costs under control. Paul {==============================} infoworld.com Intel to cut 675 jobs at Massachusetts chip plant By Cheri Paquet InfoWorld Electric Posted at 1:51 PM PT, Sep 22, 1998 Intel next year plans to let go 675 manufacturing employees at its Fab 17 plant in Hudson, Mass., where it manufactures StrongArm microprocessors, PCI bridge and networking products, and Alpha microprocessor and chip sets. The staffing reduction is part of Intel's continued effort to streamline manufacturing facilities by reducing overhead costs and increasing efficiency, Intel said in a bulletin sent to employees Tuesday. Manufacturing job cuts at the plant, which employs about 1,600 people, will not affect the plant's design and development groups, the Intel bulletin stated. There will be no change in the plant's manufacturing, according to company spokesman Bill Calder, and it will continue to produce the same product mix. As to how the loss of Fab 17 employees may affect production levels, Intel has no comment, Calder said. Over the past year, reducing its count of manufacturing employees has been part of Intel's efforts to create more cost-effective manufacturing sites, he said. "We think we can operate with fewer people, lower costs, and provide lower costs to the customer," Calder said. The semiconductor and microprocessor markets have changed dramatically over the past year and with increasing competition, Intel is streamlining its manufacturing sites, he said. The job cuts are part of an ongoing process to improve efficiency and lower operating costs in all of Intel's manufacturing plants and are not specific to the Hudson plant, Calder said. Intel's commitment to its Hudson operations have not changed, he said. "We have done a number of localized reductions over the past year, and this is in that vein." Intel has an ongoing process of shifting its resources and aims to place some employees affected by the job cuts at other positions within the company, Calder said. Intel Corp., in Santa Clara, Calif., can be reached at intel.com. Cheri Paquet is a correspondent in the San Francisco bureau of the IDG News Service, an InfoWorld affiliate. Go to the Week's Top News Stories Please direct your comments to InfoWorld Deputy News Editor, Carolyn April Copyright c 1998 InfoWorld Media Group Inc. InfoWorld Electric is a member of IDG.net