We don’t know how many names are on the axeman's terminal list but we learned that the company is set to offer a round of redundancy packages, as you cannot simply fire people in Europe. It really costs you money to get rid of an employee over here.
Intel already fired 10,500 people and it seems that is not the end of it.
Intel to lay off more people in Europe
Posted on Tuesday, Sep 26 2006 @ 02:00 CEST by Thomas De Maesschalck