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"Intel is cutting about 400 workers.Each of the 400 employees has the option to take separation or voluntary retirement packages.The workers will be technically redeployed, as Intel is giving the employees time and help to find work in other Intel plants or outside the company before they\u2019re let go.Because it has been an institution in Rio Rancho for 30 years, city officials have said they aren\u2019t all that worried.During those 30 years Intel has helped the city become one of the fastest growing communities in America. Intel employs 3,300 workers before the cut.\u201CIntel plays an important role, not just in Rio Rancho and Sandoval County, but in the whole Metro area,\u201D says Rio Rancho Mayor Tom Swisstack. \"Whether it's a small business or big corporation, job losses always worry me.\"Swisstack said it\u2019s not reason to panic.\u201CThey're regrouping, developing their base again and I think you'll see them start to be more competitive to start to look for other chips or other economic opportunities,\u201D he said.The New Mexico plant is still a vital part of the company, producing some of the most popular Intel products on the market, according to an Intel spokesperson. That spokesperson also said there is no plan to leave the Land of Enchantment.\"I think this is again, just realigning their workforce in preparation for the next cycle of expansion,\u201D said Siwsstack.The company brings in about $1 billion a year in economic impact to the state, according to Intel\u2019s website. For every 10 Intel jobs, 26 more are created in the community, according to the site. \u00A0"^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.koat.com/article/400-intel-employees-to-be-laid-off/5052082>