RIO RANCHO, N.M. (AP) — Intel Corp. said Tuesday that it expects to cut more than 1,000 jobs at its Rio Rancho plant as the company ends production of an older silicon wafer technology. Intel will stop making the 200-millimeter wafers at the plant by the end of August, and affected employees will be offered severance packages or can apply for other jobs within the company, spokesman Jami Grindatto said.
Anyone who works at the Intel Rio Rancho plant knew this was coming. I know a large number of people that have been waiting to for a chance to get out with a severance package. Still, this sucks. One fifth (20%) of the people that work at this plant will be gone wether they like it or not.
The AP article doesn’t mention when Intel expect to have everyone out but this KOB article say they start in August.
A article from the Albuquerque Tribune says:
Larry Waldman, a senior economist with the University of New Mexico’s Bureau of Business and Economic Research, projects the layoffs expected to come in August could cause the loss of another 1,000 jobs in places such as the retail and service sectors. “It’s not going to be just 1,000 jobs when you look at effects on other parts of the economy,” said Waldman, referring to retail and service jobs that might supplement Intel workers. While that may not be the rosiest picture, Waldman said the losses will have only a minor impact on the economies of both the state and Albuquerque metro
Update 5/7/07: From the Trib:
U.S. Sen. Pete Domenici has asked Labor Secretary Elaine Chao to assign staff from her agency’s Dallas office to coordinate job placement programs for the 1,000-plus workers expected to lose their jobs at Intel Corp.’s Rio Rancho plant.
An Albuquerque Tribune article discusses how the Scorpions didn’t make enough money during their first season in Rio Rancho to cover costs. They didn’t make enough money when they were in Albuquerque, either.
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