The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
106 jobs Number of planned job losses
Announcement Date
22 December 2006
Employment effect (start)
Foreseen end date
28 February 2007
Description
Maxtor, which was recently taken over by Seagate, plans to cut 100 jobs by February 2007. The company, which manufactures computer hard drives, has commenced a redundancy programme, which will see job numbers falling from 139 to 33.
Maxtor was taken over last May by storage giant Seagate, which then revealed that it planned to lose 50% of Maxtor's current global workforce, which numbers 12,000, under a restructuring plan.
Sources
22 December 2006: The Irish Times
Citation
Eurofound (2006), Maxtor, Merger/Acquisition in Ireland, factsheet number 64715, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64715.
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