Opening Bell: Intel's Irish redundancies, workers expect pay rises, TTIP and Ireland's farmers

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Workers at Intel are waiting to find out the extent of job losses at the company - one-on-one meetings regarding redundancies began yesterday evening.

With Intel shedding 12,000 staff worldwide - between 350 and 400 job losses are expected at their European headquarters in Kildare.

Neither the company or the IDA has commented on the exact number of jobs which will be lost.

The Irish Times understands that Inter will offer workers who are let go redundancy packages which are equivalent to some five weeks per year worked on top of the statutory requirement of two weeks’ pay.


Two thirds of Irish employees are expecting to receive a pay rise during the next year, and less than half are happy with what they are currently earning.

New research from recruitment firm Hays has found that 81% of professionals want to change jobs during the next two years.

Richard Eardley says that Irish workers are reviewing their options as the recovery continues, "Irish employees are becoming increasingly confident about their future prospects and are taking the opportunity to look for new roles," he said.


The Irish Cattle and Sheep Farmers’ Association will protest today against two proposed trade deals which will affect Irish farmers.

ICSA is against Mercosur and the Transatlantic Trade and Investment Partnership (TTIP), saying the deals would threaten the future of the Irish beef industry.

Their focus is on the EU Commission in response to what it says is the weak negotiating position taken by the Commissioner for Trade Cecilia Malmström, without any democratic mandate.

The Green Party has called for a Dáil debate on the TTIP, following the leaking of documents related to negotiations between the EU and US.

Eamon Ryan says there is 'worrying lack of public awareness' about negotiations regarding the controversial proposed trade deal.


Ryanair's traffic grew by an impressive 10% during April, compared to 12 months ago as it carried 9.9m passengers.

Its load factor was 93% - that's a 2% increase on last year. 2016 traffic to April has grown by 17% to 107.4m customers.

Kenny Jacobs, Ryanair's Chief Marketing Officer, commented on the figures: "These record monthly numbers and load factors were delivered despite more ATC strikes in Belgium, France, Greece and Italy, as lower fares and the continuing success of our 'Always Getting Better' customer experience programme continue to deliver even more great value for our customers."