BRIEF-Seagate Technology – Intends To Reduce Global Headcount By About 500 Employees

0
481

2017-12-11 21:31:42

Dec 11 (Reuters) – Seagate Technology Plc:

* SEAGATE TECHNOLOGY PLC – INTENDS TO REDUCE ITS GLOBAL HEADCOUNT BY APPROXIMATELY 500 EMPLOYEES

* SEAGATE TECHNOLOGY PLC – EXPECTS GLOBAL HEADCOUNT REDUCTION TO BE SUBSTANTIALLY COMPLETED BY END OF FISCAL YEAR 2018 – SEC FILING

* SEAGATE TECHNOLOGY PLC – EXPECTS GLOBAL HEADCOUNT REDUCTION TO RESULT IN TOTAL PRE-TAX CHARGES OF APPROXIMATELY $50 MILLION IN FISCAL YEAR 2018

* SEAGATE TECHNOLOGY – SAVINGS GENERATED FROM HEADCOUNT REDUCTION WILL REPRESENT ABOUT $65 MILLION IN SAVINGS ON AN ANNUAL RUN-RATE BASIS

* SEAGATE TECHNOLOGY PLC – SAVINGS GENERATED FROM HEADCOUNT REDUCTION EXPECTED TO BE RECOGNIZED BEGINNING IN MARCH 2018 QUARTER Source text: (bit.ly/2BBldLN) Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.


Original Source