Items tagged with jobs

Maxtor has announced that they are cutting 900 jobs in Singapore in preparation of Seagate's acquisition. Maxtor has been in financial trouble for a while, with expected net losses of $104 million this fiscal year. Once the merger is complete in May, Seagate will become the world's largest hard disk manufacturer. Read the full story here. LOS ANGELES (Reuters) - Maxtor Corp (MXO.N: Quote, Profile, Research), the computer disk drive maker being acquired by competitor Seagate Technology (STX.N: Quote, Profile, Research), on Tuesday said it will cut about 900 jobs in Singapore, and cut its outlook due to the pending acquisition.... Read more...
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