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Tuesday, September 05, 2006

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Intel Announces 10,500 layoffs

The Trib's coverage can be seen here. The Journal's coverage can be seen here. (Both are AP stories)

Interestingly, company officials declined to say if the Rio Rancho plant would be affected.

NM Biz Weekly has pointed out that the latest round of tax breaks came with a clawback clause that would allow Sandoval County to recoup some of the lost taxes if Intel reduces its workforce in Rio Rancho.

I guess we'll just have to wait and see...






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