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

5 things you didn’t know about cloud backup

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
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
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
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.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?