RIO RANCHO, N.M. (KRQE) - Rio Rancho is on the brink of potentially losing 400 Intel employees to Intel sites outside New Mexico. The company is not calling it a layoff but a redeployment.
According to Intel's website, for every 10 Intel jobs in New Mexico, it creates 26 more jobs in the community. Local business owners who feed off of Intel employees, are concerned about the impact.
"It brings more people into the area, and there's a lot of small businesses over here that depend on all the people that work at Intel, you know to bring money into the market here," explained Thomas Richardson, owner of Burrito Express in Rio Rancho.
Friday, Intel announced up to 400 workers could be redeployed due to a shifting market.
Intel officials told News 13 employees will have three options; accepting other positions at other Intel sites outside New Mexico, accept a voluntary retirement, or separation package.
If those options don't workout, the company will work with them to find other jobs.
City officials are trying to stay positive. "I have no doubt that Intel's going to stay in the city of Rio Rancho, Sandoval County and the region, what I think this is is just a re-tooling process, but I think you'll see future growth with Intel and our respective community," said Tom Swisstack, Rio Rancho Mayor.
Intel told News 13 they will not start the redeployment phase until around November. Employees at that point will have about two months to find another job, if they need to.
Intel officials said the Rio Rancho site is vital to their global manufacturing network. According to Intel's website, the economic impact the company brings to the state is nearly $1 billion a year.
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