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

Secure remote control for conventional and virtual desktops

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
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

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.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.