Intel Rio Rancho is about to see a big boost in hiring.
The computer chip manufacturing giant plans to add over 300 jobs this year in Rio Rancho to support the company’s move into data-rich markets, a news release from the New Mexico Economic Development Department says. The new positions are expected to be a mix of local hires and relocations.
“The Rio Rancho site continues to be an important part of Intel’s global manufacturing network, and is manufacturing semiconductor products that are critical to Intel’s ability to secure, power and connect billions of devices and the infrastructure of the smart, connected world,” said Intel Rio Rancho Site Manager Katie Prouty in a prepared statement.
The development comes weeks after Intel posted a hiring increase in its annual report to Sandoval County, adding 168 workers last year.
In September 2018, the Santa Clara, California-based company announced its 3D XPoint technology development would come to the City of Vision, bringing over 100 jobs.
Intel employs “approximately 1,200” in Rio Rancho and worked with 1,100 contractors in 2018, according to its annual report. On the previous year’s filing with Sandoval County, it reported “more than 1,100” total employees.
The hiring announcement signals a continued shift from years of workforce decreases at Intel Rio Rancho. The workforce at the Rio Rancho plant shrunk by around 700 in 2016, or 37 percent, according to its annual report from that year, and its workforce held steady the next year. The facility employed as many as 3,200 in 2013, according to our reporting.
The average annual compensation for Intel’s New Mexico employees at the end of 2018 was over $145,000, including salary, benefits and bonuses.
Intel spokeswoman Linda Qian was unavailable for immediate comment Tuesday.
Intel is the largest manufacturer in the state, according to Albuquerque Business First’s Manufacturing Companies List.
By: Collin Krabbe (Albuquerque Business Journal)
Click here to view source article.
