Seagate Technologies

Type
Closure
Country
United Kingdom
Region
South East (England); Hampshire and Isle of Wight; South Hampshire
Location of affected unit(s)
Havant
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
324 jobs
Number of planned job losses
Job loss
Announcement Date
13 July 2016
Employment effect (start)
Foreseen end date

Description

Technology company Seagate has announced plans to close its site in Havant, Hampshire with the loss of 324 jobs. The site is due to close by the second quarter of 2017. The company, which designs and manufactures computer hard drives, has announced that it intends to cut its global workforce by 14% by the end of 2017. The company has pointed to the increased popularity of solid state drives (SSD) rather than hard disk drives (HDD). Although, the company does manufacture both, it does not have a large market share in SSD. 

Sources

  • 13 July 2016: BBC Website
  • 15 July 2016: Insider Media

Citation

Eurofound (2016), Seagate Technologies, Closure in United Kingdom, factsheet number 88261, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88261.