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No buyers means no jobs at Seagate chip plant

262 jobs gone

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Internet Security Threat Report 2014

Seagate is to shut down its Scottish chipmaking business with the loss of 262 jobs after failing to find a buyer for the plant. The decision has come earlier than expected , as the plant was put up for sale earlier this month. But the disk drive giant said it had not even received any firm expressions of interest. The plant will close in February. On October 7, Seagate announced, it was “no longer financially prudent” to build chips for its own hard disk drives. It will in future buy in parts from external suppliers. Last month, Seagate closed the smallest of its six plants in Thailand. The 1500 workers based at Lad Krabang were transferred to another site. ®

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