Intel has been operating at its plant in Leixlip, Co. Kildare since 1989, and currently employs around 4,900 people, making it one of the country's largest employers.
Earlier this year, staff across the globe were informed that a wave of job losses were on the horizon as it committed to reducing the size of its worldwide workforce.
The chip-maker cut its headcount by around 15,000 last year, with it now employing just over 100,000 people across the globe.
This afternoon, Intel said it intends to cut 195 jobs at its plant in Leixlip as it takes steps to "become a leaner, faster and more efficient company."
It added, "we are making these decisions based on careful consideration of what’s needed to position our business for the future, and we will treat people with care and respect as we complete this important work."
As per Irish law, Intel has informed the Government it will make nearly 200 compulsory redundancies at its plant in Leixlip this autumn as part of major restructuring by the chipmaker.
Since its opening, Intel has invested more than €30 billion in Ireland, creating one of the most advanced industrial campuses in Europe.
Intel CEO Lip-Bu Tan previously said, "I'm a big believer in the philosophy that the best leaders get the most done with the fewest people. We will embrace this mindset across the company, which will include empowering our top talent to make decisions and take greater ownership of key priorities."
He added, "there is no way around the fact that these critical changes will reduce the size of our workforce. As I said when I joined, we need to make some very hard decisions to put our company on a solid footing for the future."
