Iomega shuts plants, readies redundancies
Plan to return storage company to profit continues with anticipated job cuts
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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
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