Chip giant Intel is calling for around 200 voluntary redundancies at its plant in County Kildare, Ireland.
The cuts will represent around five per cent of the Irish workforce, currently totalling 3400.
The company said that around 200 employees at the manufacturing plant at Leixlip would be taking a voluntary redundancy package, in which newer employees would receive four months' pay, with longer-serving employees receiving up to one year's salary as severance, accompanied by other benefits.
The company said it was committed to a £1.54bn expansion of its Irish operations, and that suspended development of a new processor plant would resume next year.
Intel said the industry downturn had pushed it into a trough, and that "when you are in a trough, it is hard to predict these things".
Last week the company announced second quarter earnings for this year, down 76 per cent on the same period last year.
Overall, earnings were down to £140m.
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