US chip maker Intel cutting nearly 300 jobs in Ireland, 6 percent of work force

US chip maker Intel cutting 300 jobs in Ireland

DUBLIN — One of Ireland's largest employers, computer chip maker Intel Corp., announced Tuesday it plans to lay off 294 people — or 6 percent of its Irish work force — in the latest blow to Ireland's unraveling economy.

Full article (332 words) »

Independent News & Media warns it’s likely to breach repayment of euro200m bond debt

Independent News & Media warns it can't pay debt

DUBLIN — Ireland's major newspaper publisher, Independent News & Media, warned Thursday it is likely to default on a euro200 million ($265 million) debt due for repayment next month and is seeking a possible bailout from its top two shareholders.

Full article (625 words) »
Protected by Comment Guard Pro