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SEAGATE POSTPONES IRISH PLANS, RECONSIDERS FUTURE

Seagate Technology Inc has apparently postponed plans to build a new $223m computer disk manufacturing plant in County Cork, Ireland for another six months. The company said it would build the facility back in June (CI No 3,182), but now, according to the Dow Jones the company is re-assessing the demand for disk media across the world. When it initially announced its plans, Seagate said the plant would create 1,000 new jobs, but is emphasizing that at this stage it doesn’t have any plans to scrap the plant altogether. Seagate says it originally envisioned a fast-track approach for the plant, but although that has fallen by the wayside, at least for the time being, it will go ahead with seeking planning permission to go ahead and build the site.

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CBR Staff Writer

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