Feeds

Iomega shuts plants, readies redundancies

Plan to return storage company to profit continues with anticipated job cuts

  • alert
  • submit to reddit

The essential guide to IT transformation

The job cuts Iomega CEO Jodie Glore predicted a couple of weeks back the company would have to make have at last taken place. Late last week the removable storage Stan announced the closure of two "magnetic technology" development factilities in California. The work carried out at the plants will be moved to Iomega's Utah HQ. It was not revealed how many jobs will be lost through the shutdown, or whether it will be enough to ensure no further staff cuts are necessary. As an R&D site, it's unlikely staff will simply be laid off, but the company is likely to lose those members of staff who don't wish to move to Utah. The closures follow a run of poor financial results. Glore was appointed CEO last year and told to turn the company round. He's attempting to do that by reorganising the company, cutting costs and streamilining its operations. ® See also Iomega makes money again (ish) Iomega flogs off Ditto Iomega recalls 60,000 Jaz PSUs Iomega returns to profitability, begins reorganisation

Boost IT visibility and business value

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?