<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Seagate to cut more jobs
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->Seagate Technology, the world's biggest maker of hard-disk drives, plans to cut jobs and re-organise the company as it copes with the slumping economy, chief executive officer William Watkins said.
'We are going to announce another round, and we think we'll do it in January,' he said on Friday in an interview at the Consumer Electronics Show in Las Vegas.
'There will be restructuring, and there will be some layoffs.'
The recession is reducing orders for personal computers and sapping demand for Seagate's storage products. Mr Watkins declined to comment on the number of job cuts.
Seagate, which employs about 9,000 people in Singapore, had about 54,000 employees as of last June.
The company closed a plant in Northern Ireland in 2007, shifting production to a lower-cost factory in Malaysia. It also announced plans last September to shut a research lab in Pittsburgh, saving US$30 million (S$44.4 million) a year.
The company's biggest rival, Western Digital, announced plans last month to eliminate 2,500 jobs. Bloomberg
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->Seagate Technology, the world's biggest maker of hard-disk drives, plans to cut jobs and re-organise the company as it copes with the slumping economy, chief executive officer William Watkins said.
'We are going to announce another round, and we think we'll do it in January,' he said on Friday in an interview at the Consumer Electronics Show in Las Vegas.
'There will be restructuring, and there will be some layoffs.'
The recession is reducing orders for personal computers and sapping demand for Seagate's storage products. Mr Watkins declined to comment on the number of job cuts.
Seagate, which employs about 9,000 people in Singapore, had about 54,000 employees as of last June.
The company closed a plant in Northern Ireland in 2007, shifting production to a lower-cost factory in Malaysia. It also announced plans last September to shut a research lab in Pittsburgh, saving US$30 million (S$44.4 million) a year.
The company's biggest rival, Western Digital, announced plans last month to eliminate 2,500 jobs. Bloomberg
