Intel eliminates 1,500 jobs in Costa Rica, plans to retain 1,200 engineers
April 10, 2014, 12:00 am TWN
SAN JOSE, Costa Rica--Chip-maker Intel announced Tuesday that it is eliminating 1,500 jobs from its assembly and test operation in Costa Rica, a blow to a country that has used Intel's presence to build a high-tech sector.
Intel said in a news release it will keep employing more than 1,200 engineers, finance and human resources employees in the Central American country.
The company said that relocating its assembly and test operation to Asia is part of a strategy announced earlier this year by Intel to stress "geographic closeness between plants and main markets."
Intel has been struggling with the negative effect of weak personal computer sales worldwide.