It looks like Seagate, one of the largest employers here in the North West, are going to tell over 900 workers at their Limavady plant this afternoon that the company is pulling out.
This would be a major blow for the area. So far there is only the news about an announcement online, but nothing concrete. Other sources are the Derry Journal and UTV.
The Derry News newspaper reported this morning that they learnt that Seagate has built an exact replica factory in Thailand where labour costs are significantly cheaper, and that there had been speculations about the future of the company over here.
I wonder what this will mean for the Derry plant. Didn’t they reduce their workers’ hours over the summer?
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Update: According to a friend of mine it’s normal that Seagate cut back the hours for a week in the summer. And apparently there’s talk about announcing an investment in the Derry plant.
Update 2: It’s been confirmed, Seagate Limavady is closing.
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