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Adaptec meets its Waterloo

If it's Tuesday, it mustn't be Belgium

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Adaptec, the SCSI storage firm, is scaling back its European HQ in Waterloo Belgium, and transferring most ops to its major country subs.

The company is moving tech support, admin and marketing functions and "transitioning" most of Belgium's jobs to the UK, Germany and France. In other words, the jobs are there, if not the people.

"Continued storage market consolidation and the challenging economy have intensified the competitive landscape in Europe," Robert Stephens, Adaptec president and CEO, said in a statement. "Our primary objective, here, is to ensure that the right job functions are in the right places in order for us to best serve our customers."

There is no mention of cost savings, but we guess there must be some. Europe accounts for approx. 25 per cent of Adaptec revenues the company says. ®

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