Intel to hire 800 Micron workers set to lose their jobs

Lapid and Bennett praise Israel’s largest private-sector employer for keeping Kiryat Gat factory open.

By
September 30, 2013 00:58
1 minute read.
THE BRAND new – and very green – IDC9 building in

Intel 311. (photo credit: Intel Israel)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Intel Corp. on Sunday announced an agreement with Idaho-based Micron to take possession of a Kiryat Gat manufacturing facility it had leased to the company, which had been set to close within two years. It plans to hire the roughly 800 employees working there on a full time basis.

“The current deal with Micron once again exhibits Intel Corporation’s longtime commitment to Intel Israel and to the State of Israel,” said Intel Israel general-manager Maxine Fassberg.

“Micron Israel has talented people who will contribute to Intel’s continuous growth and development.”

The deal is expected to close by the end of the year.

The decision by Intel, already Israel’s largest private- sector employer, to boost its workforce further drew praise from both Finance Minister Yair Lapid and Economy and Trade Minister Naftali Bennett.

“1000 jobs!” Lapid wrote on his Facebook page, rounding the number of saved employees up. The decision added to his goal of “creating more and more work places in the periphery, maintaining the country at the forefront of global technology and taking care of the Israeli middle class.”

“We see in this a vote of confidence in Israel as a hi-tech superpower and a strategic target,” added Bennett. “I see great importance in the continued employment of Micron workers in the framework of Intel and and hope for the company’s continued investment in Israel in the future.

“Intel’s decision to invest in Micron illustrates that government intervention should be moderate and leave the room for market powers to to find their own solutions,” he said.

Following the transaction, Intel is set to manufacture NOR flash memory for Micron.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS

Cookie Settings