ALBUQUERQUE, N.M. (AP) — Intel Cop. says it is reducing the workforce at its chip-making plant in Rio Rancho, a suburb of Albuquerque.
The Albuquerque Journal (http://bit.ly/1eLBQk4) reports that Intel plans to “redeploy” 400 of the Rio Rancho plant’s 3,300 workers due to a changing market.
The announcement didn’t provide details about what will happen with the workers, but it says the company is offering various options to the affected workers. Those include transfers to other Intel sites and voluntary retirement and separation packages.
Intel says the Rio Rancho site remains a vital part of its manufacturing network and will continue production.
The company on Thursday announced it will close its only manufacturing facility in Massachusetts, a move expected to shed about 700 jobs.
Santa Clara, Calif.-based Intel is the world’s largest chip maker.