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Intel announces lay off of 1,500 employees in Costa Rica

Published on Apr 9, 2014 4:22 AM

SAN JOSE (AFP) - Intel announced Tuesday it was reducing its chip assembly and testing operations in Costa Rica and will lay off 1,500 employees.

The move was a major blow to the economy of the Central American country, where 2,700 people were employed at an assembly plant installed in 1998.