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Posts tagged as “high tech”

Micron’s shift out

micron

Micron

It was going to happen sooner or later; the foreshadowing has been here and elsewhere for a long time. But the cuts announced today at Micron Technology at Boise - about 2,000 Boise-area jobs to be gone by August or so - are still a stunner in the community. A lot of area businesses, real estate sales people and legislators as well may b gasping for air this morning.

"Micron Technology Responds to Continued Decreases in Demand," runs the press release, which may be true, but also is reflective of a long-term shift for not only Micron but aso most others in high tech; among other things, a shift overseas. Core sentence for local purposes: "This action will reduce employment at Micron’s Idaho sites by approximately 500 employees in the near term and as many as 2,000 positions by the end of the company’s fiscal year."

The outward swirl from the change will hit at least a couple of thousand other jobs, depress real estate prices and maye shutter a few businesses. Not a happy prospect at the moment.

The Idaho Statesman calculates that the move will take Micron job levels back to the early 90s, when it was in aggressive expansion mode, and make it not the first but second largest employer in the state. A major, major development; one of the top Idaho stories of the year.