BUSINESS
September 15, 1999
Seagate Technology Inc. said it will cut 8,000 jobs, or 10% of its workers, to streamline its business in the face of falling prices. The computer disk drive maker said it will take a $200-million pretax charge this quarter for the cuts, which will be made through firings, voluntary severance and retirement at plants in Asia, Scotland and the U.S. during the next nine months. Shares of Scotts Valley, Calif.-based Seagate fell $1.06 to close at $31.94 on the New York Stock Exchange.
BUSINESS
September 9, 1997
Scotts Valley-based Seagate Technology Inc. promoted Stephen Luczo to the new position of president and chief operating officer at the world's largest independent disk drive maker. Luczo, 40, will oversee Seagate's storage products, recording media and recording heads businesses. He will remain chairman of Seagate's software division. . . . Oakville-based Robert Mondavi Corp.
BUSINESS
April 18, 1996 | Times Staff and Wire Reports
Seagate Technology to Lay Off 500: The Scotts Valley, Calif.-based computer storage manufacturer will make the move as it absorbs former rival Conner Peripherals Inc. The layoffs result from redundancy between Seagate and Conner's engineering and corporate staffs. But employees could be hired back by Seagate Technology Inc., which has several hundred openings in Longmont, Colo., Simi Valley and elsewhere.
BUSINESS
July 11, 1995 | ROSS KERBER
Driven by increasing demand for computer memory products, Seagate Technology Inc. said Monday that it will make a major investment in robotic manufacturing equipment at its Anaheim plant. A spokesman for the Scotts Valley, Calif., company declined to say how much the company would invest in the 274-employee plant. Up to 25 new jobs could be added over the next three years as a result of the new investment, the spokesman said.
BUSINESS
October 4, 1994 | From Times Staff and Wire Reports
Seagate Technology Inc. of Scotts Valley, Calif., said it plans to build a $21.5-million advanced recording head manufacturing plant, its fourth in Malaysia.