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Technology Stocks : Seagate Technology -- Ignore unavailable to you. Want to Upgrade?

To: Pawan Lingras who wrote (7325)	9/16/1999 9:15:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 7841

Seagate Technology to Shut down Singapore Disc Plant SINGAPORE, Sept 16 Asia Pulse - Seagate Technology, which retrenched about 1,000 workers earlier this month, will shut down its disc media plant in Tuas here in the next nine months and could lay off a few more hundred workers. A Seagate spokeswoman said some of the staff from the Tuas plant would be redeployed to other Seagate plants here but declined to state how many workers would be axed, the Business Times reported. Seagate has three other plants here. With the closure of Tuas, the company would have two media planters left worldwide, one in Woodlands here and the other in Milpitas, California. Seagate said this week it was cutting 10 percent of 8,000 staff worldwide over the next nine months, due to restructuring.