Intel Left Costa Rica for Cost Reasons

The CEO of the multinational confirmed that the closure of the plant did not respond to reasons of global strategy but to the high operating costs in the country.

Tuesday, April 22, 2014

An article in reports that in a presentation for employees of the company, the executive director of Intel, Brian Krzanich said that "the decision in Costa Rica was not part of plans to reduce the company's overall payroll but 'had more to do with the cost of this operation, the long-term operational cost of the plant. We spent several years working with the Government of Costa Rica, trying to reduce the overall cost of this operation.'"

The closure of the Intel's production operations in Costa Rica, was formally announced a few weeks ago, and led 1,500 workers being laid off.

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