Maxtor to cut 8,500 workers in SG by March 06.
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SINGAPORE, Dec 22 (Reuters)
THE STRAITS TIMES
- Thousands of workers in Singapore's computer disk-drive factories face a new round of job cuts after the world's biggest hard-disk maker, Seagate Technology, said it was taking over beleaguered Maxtor Corp. The move comes just nine months after Maxtor said that it is axing two-thirds of its 8,000-strong Singapore workforce as it shuts down a plant in Singapore by March next year.
Seagate, which is buying Maxtor in a US$1.9 billion (S$3.2 billion) share-swap deal, already employs 8,500 workers in Singapore, so it is likely to close Maxtor's last-remaining factory. -
while statitiscally, singapore economy is booming,
but......
how come I didn't feel it? all my average workers only feel the pinch. -
they only tell you the good news.
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gold 90FM?Originally posted by dragg:they only tell you the good news.
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stats lj wan la...Originally posted by Glen999:while statitiscally, singapore economy is booming,
but......
how come I didn't feel it? all my average workers only feel the pinch. -
wake up, it nothing to do with country economy..seagate brought over maxtor.Originally posted by Glen999:while statitiscally, singapore economy is booming,
but......
how come I didn't feel it? all my average workers only feel the pinch. -
but our economy is affectedOriginally posted by kingofbeholder:wake up, it nothing to do with country economy..seagate brought over maxtor.
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Heard they is moving some production to Thailand. It seems like our manufacturing sector is getting bad to worse and worse...
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2500 workers in sg will be axed in mar 2006.Originally posted by kingofbeholder:wake up, it nothing to do with country economy..seagate brought over maxtor. -
thats why many are avoiding engineering courses.
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maybe these ppl are looking short....i see the future in engineering....Originally posted by dragg:thats why many are avoiding engineering courses.
Of coz, entrepuership is also a future... -
That is the funny state of affair, ins't it?Originally posted by dragg:thats why many are avoiding engineering courses.
Engr course - manufacturing moving out.
Biotech course - industry payback only long term.
Service ind course - actually no need to study much academically (it your training and attitude). But you see many ppl rushing to study for dip, degree for service ind.
Haiz.... -
maybe at the high end.Originally posted by dcx:maybe these ppl are looking short....i see the future in engineering....
Of coz, entrepuership is also a future... -
i wonder where all these manufacturing people end up after retrenchment.
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they'll be most prob. re-employed after a few months later.....definetely with a massive pay-cut compared to before..Originally posted by dragg:i wonder where all these manufacturing people end up after retrenchment. -
lots more companies are retrenching quietly.
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small amount onli....that's why no need to be aloud....Originally posted by mistyblue:lots more companies are retrenching quietly. -
my fired 45% of IT staff.. its not small....Originally posted by dcx:small amount onli....that's why no need to be aloud....
but its not reported -
Thailand is the hdd city, right after singapore dissuade hdd manufacturing years ago because of its labour intensive by not offering more incentives in the manpower areas. Western digital, hitachi and Seagate have huge mega plants. They employ more than 30 000 in total.Originally posted by pat33:Heard they is moving some production to Thailand. It seems like our manufacturing sector is getting bad to worse and worse...
China now has one maxtor plant (suzhou), seagate (shenzhen) and seagate (suzhou). And hitachi already started a giant plant. china is a big customers for hdds. Employment in china could total more than 30 000, and double if include its vendors and component subcons.
These two countries will gain more knowledge and expertise and eventually, they will be in the leading field of hdd development adding more value to their local operations.
It great for hdd buyers as prices will be even more competitive. -
Then it doesn't wan the outside world to know that it's not doing well...Originally posted by mistyblue:my fired 45% of IT staff.. its not small....
but its not reported -
Only production plants are in Thailand n China....the rest will be still in Spore n U.S...Originally posted by AF2005:Thailand is the hdd city, right after singapore dissuade hdd manufacturing years ago because of its labour intensive by not offering more incentives in the manpower areas. Western digital, hitachi and Seagate have huge mega plants. They employ more than 30 000 in total.
China now has one maxtor plant (suzhou), seagate (shenzhen) and seagate (suzhou). And hitachi already started a giant plant. china is a big customers for hdds. Employment in china could total more than 30 000, and double if include its vendors and component subcons.
These two countries will gain more knowledge and expertise and eventually, they will be in the leading field of hdd development adding more value to their local operations.
It great for hdd buyers as prices will be even more competitive. -
but they all got to eat everyday , high pay and low pay. So food business is gaurantee in singapore.Originally posted by pat33:That is the funny state of affair, ins't it?
Engr course - manufacturing moving out.
Biotech course - industry payback only long term.
Service ind course - actually no need to study much academically (it your training and attitude). But you see many ppl rushing to study for dip, degree for service ind.
Haiz.... -
so to me, at least Maxtor/Seagate is up front and let people know.Originally posted by dcx:Then it doesn't wan the outside world to know that it's not doing well...
Mine is sneaking around and the management kept making big mistakes one after another but the employees pay the penality. -
Seagate has to let the world know..both are public listed MNCs....there's no way that they can do it quietly...Originally posted by mistyblue:so to me, at least Maxtor/Seagate is up front and let people know.
Mine is sneaking around and the management kept making big mistakes one after another but the employees pay the penality.
Local companies like to resort to those methods...employer makes fault, employees pay... -
Mine is also a publically listed company. Its listed on NY NasdacOriginally posted by dcx:Seagate has to let the world know..both are public listed MNCs....there's no way that they can do it quietly...
Local companies like to resort to those methods...employer makes fault, employees pay...
I am waiting for the day my company collaspe