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Electronics Production | May 23, 2006

Seagate completes acquisition of Maxtor and lays off 6,000

As Seagate closes the acquisition of Maxtor it will lay off 50 percent of Maxtor´s remaining workforce.
50 percent of Maxtor´s 12,000 employees will be laid off as disk drive maker Seagate closes the acquisition of the company. Seagate's total employment will be 51,000 with the addition of the Maxtor employees, a spokesman said.

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