Seagate closing down a facility in Northern Ireland

Seagate closing down a facility in Northern Ireland

Hard Disk manufacturer Seagate has revealed that they are now going to close down one of two manufacturing facilities in Northern Ireland.

This plant closure would result in job cuts for around 780 employees.

Seagate did not disclose on how much they would be saving by closing down this plant. This is part of their streamlining operations.

This move is unlikely to hit their other plant in the same location. This other unit is located at Londonderry.

William O’Kane, manager of the Limavady factory said in a statement on this new development: “We have made great efforts over the past few years to maintain the competitiveness of the Limavady facility, but recent increases in global substrate industry capacity together with our competitors’ lower labor costs have made the Limavady operation uncompetitive.”