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 Post subject: Wage cuts for 300 Seagate staff
PostPosted: January 14th, 2009, 16:43 
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Joined: March 13th, 2005, 12:33
Posts: 872
Location: Dublin
Lucky they aren't on performance/quality related pay!! 8)

A third of employees at Seagate Technologies in Londonderry are to receive a pay cut of 10%, workers have been told.
Approximately 300 people in the Springtown premises will be affected. There will also be redundancies at the plant, but the company said fewer than five people would be affected. The company said it plans to save £150m and will reduce its global workforce by approximately 2,950 employees or 6% as part of a restructuring programme.

In a statement, Seagate said it "very much regretted having to take these actions," but it was necessary to lower the company's cost structure to align with the current macroeconomic business environment. "The company will continue to monitor the situation to ensure that the Springtown facility is appropriately aligned with market demand and staffed accordingly. "It will take any actions that are necessary to protect the business going forward," the statement said.

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 Post subject: Re: Wage cuts for 300 Seagate staff
PostPosted: January 14th, 2009, 17:03 
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Joined: October 13th, 2008, 7:29
Posts: 1493
Surely they would save a lot more money if they didnt have to replace a load of failed disks.


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 Post subject: Re: Wage cuts for 300 Seagate staff
PostPosted: January 15th, 2009, 5:15 
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Joined: November 9th, 2006, 15:15
Posts: 2984
Maybe they will sack the team responsible for the 7200.11 firmware glitch :wink:


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 Post subject: Re: Wage cuts for 300 Seagate staff
PostPosted: January 15th, 2009, 6:38 
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Joined: August 31st, 2006, 17:53
Posts: 354
Location: Birmingham, Al
Or there will be More bad drives :lol:


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