Wednesday April 09, 2014

Intel Closes Costa Rica Operation, Cuts 1,500 Jobs

According to Reuters, Intel is closing its Costa Rica plant and eliminating 1,500 jobs.

Chipmaker Intel, struggling with a shrinking personal computer market, is shutting its assembly and test operation in Costa Rica and eliminating 1,500 jobs, a spokesman said on Tuesday.The closure of the site, which is a significant contributor to Costa Rica's exports, falls within a larger plan announced by the chipmaker earlier this year to cut spending as it attempts to grow beyond PCs into the mobile market.