Seagate confirm job losses

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Seagate in Derry are seeking to reduce their workforce by 70 it has emerged this afternoon.

After ongoing meetings throughout the day, the company issued a statement this afternoon saying that they have been forced to undertake “a number of actions” to better position the company.

A spokesperson said: “These new levels are a result of a very dynamic and disrupted storage industry, driven by accelerating usage shifts of technologies and architectures by end users, and underpinned by a wek macro-economic environment. Unfortunately, the required actions include some reduction in the company’s workforce. It’s not easy to make decisions that affect people’s lives in this way, but we believe this is the best way forward for the company right now. At the Springtown facility, approximately 70 employees (about five per cent of the headcount) will be affected by this action. It is our intention to use both a voluntary and involuntary process to achieve the headcount reduction.”