onstorage
Layoffs Despite Profit
Filed in archive Seagate by Lori Widmer on October 31, 2007
Layoffs Despite Profit
Tough times for Seagate Technology? Word just out has announced the company is closing its Northern Ireland plant, eliminating 780 jobs. Official Seagate company line on the move: it is part of the company's effort to streamline operations, and the plant affected was "no longer competitive from a business standpoint" according to Woody Monroy, Seagate spokesperson. The plant manufactured substrate materials used in hard drive disks. The company has seen higher demand for its products this year, but competitive pricing has put a damper on that growth and kept profits low. Still, the company is posting strong numbers - it posted fiscal-quarter earnings 18 times those of the previous fiscal-period year.

Permalink: Layoffs Despite Profit
Tags: Seagate  Technology  layoff  Ireland  plant  closing  2007  despite+profit 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/99419
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for Layoffs Despite Profit:

  • Currently 7.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 7.00 out of 4 vote(s) cast.
 
Subscribe
Share It
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!