The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
(10 - 33) Manufacturing (26 - 27) Manufacture of electrical, electronic and optical products 26 - Manufacture of computer, electronic and optical products 26 - Manufacture of computer, electronic and optical products
24,500 jobs Number of planned job losses
Announcement Date
23 April 2025
Employment effect (start)
23 April 2025
Foreseen end date
31 December 2025
Description
Intel, the American semiconductor and cloud software provider, has announced plans to cut about 21,000 jobs globally.
The layoffs will affect manufacturing sites and foundry operations in the United States, Germany, China and Israel, although exact figures remain unknown. In Ireland, 195 positions will be cut by the end of September 2025 (Intel 2025-IEThe automotive chip division in Munich will be closed.
Some employees will be offered relocation options, and the manufacturing operations are being reorganised.
The layoffs aim to streamline operations, reduce bureaucracy, and rebuild an engineering-driven culture following years of underperformance and market losses. The cuts follow 15,000 layoffs in 2024 Interl 2024-WO.
Intel had 108,900 employees at the end of 2024. It has manufacturing sites in the United States, Israel, Ireland, and Malaysia.
A previous restructuring event has been recorded in the ERM Events database in 2022:Intel 2022-WO
Updated, 25/07/2025:
It is announced that Intel plans to cut about 24,500 jobs worldwide by the end of 2025. Intel has also sold some businesses, slowed factory expansion plans, and consolidated operations. Construction of new facilities in Poland and Germany has been cancelled, while packaging operations will be consolidated in Vietnam and Malaysia.
Eurofound (2025), Intel, Internal restructuring in World, factsheet number 202994, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202994.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
