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as the chip-maker has announced that it will be closing plants in Malaysia and the Philippines. the bad news for American workers at the company is that it will also be closing its last plant in Silicon Valley,which means that as many as 6,000 jobs may be toast.
It will also halt production at a wafer fabrication facility in Hillsboro, Oregon, as well as its Santa Clara, California plant -- a factory connected to its headquarters and the only one left in Silicon Valley.
The actions will result in a reduction of 5,000 to 6,000 jobs, Intel said. It ended 2008 with around 84,000 employees.
Not all cuts at the affected plants will lead to job losses and some workers will be offered positions at other facilities, it said, adding that the restructuring will take place between now and the end of 2009.
Isn't all of that " free trade " pushed by our government just such a wonderful thing? Throw in the " Wall Street Ripoff " of us taxpayers and our stagnant wages and then it is no wonder that we cannot afford to by anything even when the companies drop prices due to lack of sales.
Renegotiate NAFTA and withdraw from the WTO. For starters.
