Tuesday August 4, 01:41 PM
STOCKS NEWS US-Seagate to lay off 2,000 workers in Singapore
Stocks on the move Real (Frankfurt: BJU.F - news) -time Equity news
U.S. stock market report
0819 ET 04Aug2009-Seagate to lay off 2,000 workers in Singapore
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Seagate Technologies on Tuesday said it will lay off 2,000 workers
in Singapore as it shifts its manufacturing facilities from the city-state.
The move follows a slide in electronics exports from Singapore this year
due to weaker consumer demand in the economic downturn.
For details, see
Shares of Seagate fell 1.1 percent to $12.20 in premarket trading on light
volume.
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