Intel to Close Manufacturing Facility in Costa Rica

8

Comments

+ Add a Comment
avatar

yammerpickle2

Let me get this straight they made boat loads of money, have a tremendously high margin, and AMD can't even remotely match their deep pockets for research. However, they can't afford to pay Costa Rican wages? Just more greedy corporate BS from Intel.

avatar

PCWolf

"slash costs across the board" in layman's terms, it just means that Intel wants to fire people so they can justify increases to their bloated CEO Salaries & make Shareholders more rich. The remaining fabs will have to pick up the slack & prices will go up. Typical Business move.

avatar

vrmlbasic

So what's this about the new Costa Rican government? Are they more anti-business than the old regime? Tragic that our anti-business climate has driven Intel to the Third World.

Of course, their plant in Vietnam remains open, right? Other sources on this say that Intel will be "consolidating" its manufacturing to SE Asia plants. Hopefully Intel won't become a victim to the floods and fires that happen to plants there and somehow take _years_ to recover from.

avatar

PCWolf

How is our Climate Anti-Business? Guess that to people like you, is paying corporate taxes bad for corporations? The only thing that has sent Intel & every Greedy Corporation like it to the 3rd world, is that the 3rd world is willing to work for less than $1 an hr with 0 benefits. Don't worry. Soon in the US, we will all be living in Tents because Jobs will just pay enough to eat, but not to pay rent or anything else. then we will all be slaves to our corporate masters & America will be Business friendly, just like you want it.

avatar

vrmlbasic

...I believe (hope, really) that you forgot to enclose that post in sarcasm tags. The last part of your post is definitely true, that's where we're headed, but not for the reasons that you list.

I betcha those engineers and other "intellectual" staff down in Costa Rica are raking in a bit more than 1 dollar an hour.

avatar

Obsidian

Spelling issue in the (red) sub-title "Costa Rico" instead of Costa Rica.

Otherwise keep calm and carry on.

avatar

Paul_Lilly

Carp! I mean curd! Dam typoes. Gud catch.

avatar

Obsidian

Normally I would have just glossed over it and not even noticed. Word policing isn't my bag baby. It registered as a chuckle to my brain; I read the name Rico and thought of that penguin from the animated Madagascar movies. The weapons and explosives expert, only in a South American disguise; Puerto Rico. :D