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Intel workers expect job cuts

04:45 PM PDT on Wednesday, August 23, 2006

Associated Press

HILLSBORO -- The largest single industrial employer in Oregon may be facing job cuts as Intel prepares to lay out its reorganization plans following the layoffs of a thousand managers worldwide last month.

Analysts expect Intel to slash its work force as much as 15 percent by year's end, putting thousands of Oregon jobs at risk as the largest semiconductor manufacturer in the world restructures its operations.

Tough competition from rival Advanced Micro Devices forced Intel to rethink its basic strategies -- including whether to pare back its work force of more than 100,000 employees.

And the largest group of those workers are all based in Oregon, mostly in Hillsboro, where Intel has steadily expanded operations since the 1990s.

Intel says it will lay out its reorganization plans by the end of next month, but nervous Intel workers in suburban Hillsboro anticipate word within the next two weeks.

[karlos says: What's up over in Rio Rancho? This must be hitting folks pretty hard. Any stories in the local press that I missed?]






# posted by karlos @ 4:19 PM
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