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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.