Intel cuts jobs in Shanghai
Workers to be offered posts elsewhere in the country in manufacturing 'optimisation'
Intel has announced that it is to cut 2000 jobs in Shanghai, China, in a bid to "optimise" the company's business operations in the country, reports Forbes.
Affected workers are set to be offered relocation options to other facilities in either Chengdu to the west or Dalian in the north, although both locations are more than 1000km from Shanghai.
"In order to optimise its manufacturing resources in China, Intel plans to consolidate assembly and test operations from Pudong to Chengdu over the next twelve months," read a company statement, while a spokesperson in Beijing added: "The decision to relocate is up to the employees."
However, Intel is firm that the move isn't an indication that it is scaling down its operations in the country, and made commitments to increase the capital in its China-based holding company by USD 110 million.