Hitachi To Cut 4,000 Jobs In Mexico

Hitachi's restructuring plan will save $300 million over the next five years.

Hitachi Global Storage Technologies announced Thursday a series of manufacturing and development consolidations that will save approximately $300 million over the next five years, while cutting 4,000 jobs in Mexico.

The planned “reduction in force” will eliminate approximately 11 percent of the company’s 40,000 employees.

The planned consolidations include eliminating its slider manufacturing facility in Guadalajara, Mexico by mid-2008, while increasing capacity at its locations in the Philippines and China.

According to a statement released by Hitachi, by moving the locations with close proximity to each other, manufacturing cycles will be minimized and shipping costs will be decreased.

More in Operations