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Seagate Axes 2000! Job Credit Scam A Fcuking FAILURE!
- Thread starter makapaaa
- Start date
Seagate Confirms To Close Singapore Plant, Axe 2,000 Workers
SINGAPORE -(Dow Jones)- U.S. hard disk maker Seagate Technology Ltd. (STX) Tuesday said it will close down its Singapore hard disk drive manufacturing plant by the end of next year and lay off 2,000 workers as a result.
Seagate said in a statement that it will relocate its hard disk manufacturing operations in Singapore to other existing sites. It did not disclose how many workers are employed at the plant that will be closed.
"This consolidation is necessary in order for Seagate to further increase efficiency and reduce costs by leveraging investments across fewer manufacturing sites," the company said.
The workers being laid off will be offered severance benefits in line with company policy, according to the statement. The company said it is also "giving every consideration" to relocating some employees to other Singapore operations.
Seagate also said it will maintain its Asia international headquarters in Singapore, as well as its media operation and product development and design center in the country.
The statement from Seagate confirms an earlier report of the plant closure on the Web site of Singapore's Straits Times newspaper.
If both casino fail. Then bye bye. Is the last card GOV have in hand.
F1 fail
PSA fail
Temasek fail
GLC fail
SIA fail
GST fail
None of above is working as intended. Last hope now is on Casino but will kill the Cruise center and Tanah Merah Ferry terminal.
Siew Kum Hong is right, PAP does not admit that JOB CREDIT SCHEME is a failure. In fact, JCS is seen only beneificial to the largest employer which is PAP themselves and all the Stat board. Private sectors don't give two hoots about what is JCS. lLim Swee Say, you damned Lao lan!!!
The casino is already failing. It has already been delayed by a year and I think this was merely to placate. Can feel that the casino's delay would be extended.
For Seagate, national day is July 4, not August 9.
Anyway, this piece of news has been scheduled tactically with the Seagate announcement of laying off 2,000 workers immediately followed by the Sentosa IR announcement of hiring 8,000 (which is not news at all, just repeated to cushion the Seagate news).
Fail or not they had "earned" their millions$.
When the project is approved, white scum minister got appraisal of good.(million$ paycheck) Development once completed, appraise with well done(pay another bonus). Fail to run as intend, come in to tackle problem(pay another million$ and tell you wait for external factor). Then external factor turn out well, raise the pay to 88% of whatever crap benchmark! :oIo:
If Sinkapoore dun become fishing village, I worry.
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