Seagate to pull out of Singapore? and enlarge production in china

Seagate Technology LLC (NASDAQ: STX | Quote | Chart | News | PowerRating) will move its Singapore-based factory to China in 2010, as an effort to cut manufacturing costs and raise profitability, according to Banseng Teh, the hard disk giant’s manager director for Asia Pacific sales.
The Singapore factory will be closed next yearend, with its [...]

Seagate Technology to lay off 2,000 employees in Singapore

Seagate Technology announced on Tuesday it would relocate its hard disk drive manufacturing operations from Ang Mo Kio to other existing Seagate facilities by end-2010, laying off some 2,000 employees in the process.
The company said in a statement that this consolidation is necessary in order for it to further increase efficiency and reduce costs by [...]

Ongoing Restructuring/Retrenchment at Seagate Singapore (Update 6)

Update 6: (14/05/2009):
NEW YORK (CNNMoney.com) — Hardware manufacturer Seagate Technology said Wednesday that it would reduce its staff by 1,100 employees.
Seagate, based in Scotts Valley near Santa Cruz, Calif., said the reduction of 2.5% of its total workforce was part of an ongoing restructuring to bring its company into profitability by fiscal year 2010.
The company’s [...]

Seagate to cut 20 percent of its top executives

SCOTTS VALLEY, Calif. (AP) — Seagate Technology says it is cutting 20 percent of its vice presidents and other top executives on top of its previously announced layoffs in an effort to cushion the blow of plunging hard-drive sales.
The recession has sapped demand for personal computers and servers, which use Seagate’s hard drives, and in [...]

Times were good: Seagate spent US$9000 per employee for teambuilding challenge

Each year, Seagate Technology spends $2 million for 200 employees to spend a week hiking, kayaking, and adventure racing in the mountains of New Zealand. Is it worth it?
Seagate Technology, a hardware storage company, uses its multibillion dollar profits for an outrageous company outing every year.  Eco Seagate, the annual company teambuilding challenge in [...]

Survey: Two-thirds of tech firms in Singapore to keep staff

Survey finds one-fifth even plan to increase headcount
Respondents in the IT&T sector expect to have to increase new hire salaries the most… Singapore is still short of top talent
AS THE economy dives deeper into its worst-ever tailspin, most technology companies in Singapore will not be resorting to retrenchments to lighten their load in the coming [...]

Seagate Singapore to lay off

Lotus Tan, director of corporate communications, Asia-Pacific, Seagate Singapore said:
‘This is a global exercise which includes Singapore’
Seagate employs around 9,000 people in Singapore.

Update: Seagate Cuts 6% of Jobs Globally, Reduces CEO Pay 25%

Jan. 14 (Bloomberg) — Seagate Technology, the biggest maker of hard-disk drives, said it will cut 6 percent of its global workforce as profit falls in the global recession.
The company will eliminate 2,950 positions, which includes the about 800 U.S. job cuts announced this week, according to a regulatory filing today. Seagate said it will [...]

Seagate senior management taking pay cuts of 15-25 % globally

Irish Times is reporting that Seagate senior management worldwide are taking pay cuts of 15-25%:
More than 450 employees at US-owned technology company Seagate are having their pay cut by 10 per cut as the company battles to cope with the global downturn, it was announced today.
Seagate told a mass meeting of workers at the Springtown [...]

Seagate plans to cut 800 USA workers

SAN FRANCISCO (AP) — Seagate Technology has replaced its top two executives and said it plans to cut 800 jobs — 10 percent of its U.S. work force — as the hard drive maker endures a bruising slowdown in technology spending. Its stock fell more than 15 percent.
In a surprise move, the Scotts Valley-based company [...]