UPDATE 1-Seagate to cut 1,600 jobs in restructuring plan

[ahlam1399]

UPDATE 1-Seagate to cut 1,600 jobs in restructuring plan

UPDATE 1-Seagate to cut 1,600 jobs in restructuring plan
June 29 (Reuters) - Hard-disk drive maker Seagate Tech**logy Plc said it would cut about 1,600 jobs, or 3 percent of its workforce, as the company looks to rein in costs amid waning demand.

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