RIO RANCHO'S ECONOMY WILL TAKE A HIT WITH FRIDAY'S ANNOUNCEMENT THAT INTEL IS CUTTING 400 JOBS AT ITS CHIP MAKING PLANT THERE. BUT MAYOR TOM SWISSTACK TELLS 770 KKOB THAT'S NOT NECESSARILY A SIGN THAT INTEL IS LEAVING THE STATE. HE SAYS IT'S A SIGNAL THE COMPANY WILL WORK TO STAY COMPETITIVE. HE ALSO THINKS THEY'LL BRING IN OTHER PRODUCTS FOR THE RIO RANCHO PLANT IN THE FUTURE AS THEY REORGANIZE.
SWISSTACK SAYS HE BELIEVES INTEL REMAINS COMMITTED TO RIO RANCHO…BUT THAT THE COMPANY HAD TO MAKE A DIFFICULT BUSINESS DECISION.
