Maxtor

Type
Merger/Acquisition
Country
Ireland
Region
Ireland; Eastern and Midland; Mid-East
Location of affected unit(s)
Wicklow
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
106 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/64715.