Seagate to cut more than 2,000 jobs in China
Get Alerts STX Hot Sheet
Join SI Premium – FREE
(Reuters) - Hard-disk drive maker Seagate Technology Plc (NASDAQ: STX) said it would cut more than 2,000 jobs as it shuts down its Suzhou factory in China.
The latest job cuts were part of its earlier restructuring plans announced in July to reduce its global manufacturing footprint, Seagate spokeswoman Kelly Zhang said on Wednesday.
(Reporting by Rishika Sadam in Bengaluru; Editing by Shounak Dasgupta)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Aggreko files for proposed IPO
- Real and RE/MAX Holdings complete merger, form Real REMAX Group
- Protolabs names Sam Ramahi as chief operations officer
Create E-mail Alert Related Categories
Corporate News, ReutersRelated Entities
LayoffsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share