Business News Roundup, Feb. 9
Intel CEO Brian Krzanich and President Trump announced Wednesday that the company will invest $7 billion to complete an existing factory space in Arizona that has been idle for the past few years.
Intel said the opening of the factory will lead to 3,000 “high-tech, high-wage jobs” and will create more than 10,000 long-term jobs in Arizona.
The work to finish the plant, expected to take two to three years, is convenient timing for a company looking to forge connections with a new administration that is largely focused on keeping jobs in the U.S.
According to a White House Pool report, when asked by Reuters why Intel is making this announcement at the White House, Krzanich said: “It's really in support of the tax and regulatory policies that we see the administration pushing forward.”
Chipmakers like Intel stand to benefit from tax credits on purchases of manufacturing equipment, for example.
Companies have been offering ever-longer paid parental leaves to lure or retain younger workers:
[...] expansive benefits for new parents have overshadowed the many caregiving responsibilities of other workers:
Anyone — male or female, young or old — grieving after the death of a close family member.
On Tuesday, Chief Operating Officer Sheryl Sandberg announced that employees at the Menlo Park company will receive up to 20 days of bereavement leave in the event of a family member’s death, six weeks of paid leave to care for an ill relative and three days of paid family sick time to help out with a short-term illness.
“This is personal for me,” said Sandberg, whose husband died two years ago, at a women’s leadership conference where she and Facebook human resources executive Lori Goler announced the news.
A leave policy that gives employees paid time off for those needs helps women remain in the workforce and continue to advance in their jobs.