The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
South East; Hampshire and Isle of Wight; Hampshire CC
Location of affected unit(s)
Havant
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.2 - Manufacture of computers and peripheral equipment
324 jobs Number of planned job losses
Announcement Date
13 July 2016
Employment effect (start)
Foreseen end date
Description
Technology company Seagate has announced plans to close its site in Havant, Hampshire with the loss of 324 jobs. The site is due to close by the second quarter of 2017. The company, which designs and manufactures computer hard drives, has announced that it intends to cut its global workforce by 14% by the end of 2017. The company has pointed to the increased popularity of solid state drives (SSD) rather than hard disk drives (HDD). Although, the company does manufacture both, it does not have a large market share in SSD.
Sources
13 July 2016: BBC Website
15 July 2016: Insider Media
Citation
Eurofound (2016), Seagate Technologies, Closure in United Kingdom, factsheet number 88261, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88261.
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