Disk drive vendor Seagate Technology is expected to make up to 20 per cent of its staff redundant to cut costs and propel it back to profitability.
Newspapers in Singapore have reported rumours that Seagate plans to make major redundancies in the area and Seagate announced the closure of its Irish plant last month, at a cost of 1,100 jobs.
The company was the computer industry?s financial success story for years but has floundered in the last six months. All hard disk manufacturers have suffered thanks to waning demand for PCs in recent months, with disappointing financial results.
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