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back to article Seagate to 'shut US plants'

A US financial analyst expects Seagate to announce the closure of one or two US plants by the end of May, predicting 800 to 1000 redundancies. The target at Seagate is to drive its quarterly operating expenses below $300m, according to Stifel Nikolaus analyst Aaron Rakers. This will be achieved, he thinks, by shutting down one …

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  1. cybersaur
    Joke

    Oh Noes!

    Now who's gonna make 1TB paperweights?!?

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  2. Hud Dunlap
    Thumb Down

    So why is the cost reduction faster than overseas?

    So why is it faster to save money by closing the U.S. plants? Or is this just an excuse to keep open fabs that don't have safety or environmental regulations.?

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  3. Anonymous Coward
    Anonymous Coward

    Consultant

    Still no word on the VP's to be gone by May 5.

    Seagate catching up with WDC on product isn't the same as catching up on cost to manufacture. Don't look for much EPS any time soon.

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