Costa Rica Coffee Guide

Intel Consolidation Means More Jobs in Costa Rica

May 22, 2009

Bad news in Asia has translated into more jobs and production in Costa Rica, as microchip giant Intel Corporation announced plans to transfer some of its Asian manufacturing processes to its facilities in Heredia.

Michael Forrest, general manager for Intel Costa Rica, told the daily La Nación that he expects the transfer of production to proceed gradually over the next year.

“Each product has its own timetable for development (in Costa Rica,)” he said. “ We cannot leave a gap in production to deliver to our customers…”

Plans to close factories in Malaysia and Philippines were announced in January. A press release from the company indicated “current market conditions” pushed Intel to close the sites.

Intel expects the consolidation to affect between 5,000 and 6,000 employees worldwide, some of whom will be offered positions at other facilities.

The company’s shares have dropped 50 percent in value since July of last year and its revenue has sunk by $2 billion since the first quarter of 2008.

The company employs more than 3,000 people in Costa Rica and is responsible for more than a third of the value of the country’s exports.

– Chrissie Long

 

You may be interested

Costa Rica coronavirus updates for Monday, September 21
Costa Rica
5441 views
Costa Rica
5441 views

Costa Rica coronavirus updates for Monday, September 21

Alejandro Zúñiga - September 21, 2020

Costa Rica announced 59 new coronavirus-related deaths since Friday for a total of 745, according to official data released Monday…

President of Legislative Assembly doesn’t see viability of Costa Rica’s IMF proposal
Costa Rica
809 views
Costa Rica
809 views

President of Legislative Assembly doesn’t see viability of Costa Rica’s IMF proposal

Alejandro Zúñiga - September 21, 2020

The president of Costa Rica's Legislative Assembly expressed his displeasure with the Presidency's fiscal measures that are intended to help…

Costa Rica to participate in UN General Assembly this week
Climate Change
1169 views
Climate Change
1169 views

Costa Rica to participate in UN General Assembly this week

The Tico Times - September 21, 2020

President Carlos Alvarado will participate this week in the 75th session of the United Nations General Assembly, the Costa Rican…