Intel offers Irish employees voluntary severance packages up to €500K — chipmaker provides an alternative to layoffs
Intel recently announced it wouldlay off 15% of its total workforceto cut costs and turn around lackluster earnings. In Ireland, the chipmaker recentlyoffered voluntary severancepackages to its Leixlip staff that could amount to 500,000 euros. The proposal, circulated to employees last week, gives staff members until Aug. 23 to apply for voluntary severance. Under the terms offered, staff with more than two years of service could receive an additional five weeks’ pay for each year of service....