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© alexey utemov dreamstime.com Business | January 12, 2017

Seagate to close Suzhou factory - cutting 2'000 positions

Cupertino-based data storage company, Seagate Technology is planning to close shop at its manufacturing facility in Suzhou, China – and with that laying off 2’000 employees.
Reuters reports – citing company spokeswoman, Kelly Zhang – that this is part of a restructuring plan announced by the company in July, which is aimed at reducing the company’s global manufacturing footprint.

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August 13 2017 4:10 PM V8.5.9-1