Just heard from the newsflash of abs-cbn this afternoon that Intel Philippines shutdown. It said that around 60,000 IT jobs will lost after its shutdown. I have some friends working their and also their are some college schoolmates who had been working their for 5 years already. It is also stated their that not only the Philippine plant will be shutting down but also the Intel Malaysia.
After I heard the news I immediately scanned the net to see some reports about this. At abs-cbnnews.com website with the headline Govt fears 60,000 IT job losses after Intel shutdown It is also stated in there that texas instrument located in Baguio also lay off around 400 employees.
Is this closure the effect of what we called global crisis this days? As what Labor Secretary Marianito Roque said I also hoped that Intel's closure will be the last semiconductor company to close out.
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