Staff at the Seagate plant in Derry were concerned when they were told that they would be addressed this morning by senior executives from the US. Fears of widespread job cuts at the computer disk manufacturer proved to be unfounded as the company had other plans for dealing with the recession.
There will be a small number of redundancies but the main feature of the plan is a 10% pay cut for around 450 of the 1,400 staff employed at the Springtown plant. Those affected are management, sales personnel and other professional staff. Lower paid production workers are not affected.
The company hasn't ruled out further redundancies but that will depend on the business outlook at a future date.
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