In an effort to shore up its hard-disk drive (HDD) operations, Hitachi Global Storage Technologies plans to close a manufacturing plant in Mexico and lay off about 11 percent of its 40,000-person global workforce. The plan is expected to be completed by the end of 2008.The company forecasts the moves will save it US$300 million over the next five years through streamlined operations and better efficiency, it said in a statement Thursday.By the middle of 2008, Hitachi expects to have shut down an HDD component factory in Guadalajara, Mexico, and phase out the production of media components at its Odawara, Japan, operation, it said.The company will shift some production to factories in China, the Philippines and Thailand. Hitachi’s U.S. operations, located in San Jose, Calif., will continue to produce media components for the company. The moves underscore Hitachi’s long-term commitment to the hard-disk drive business, it said in the statement. Related content brandpost Sponsored by Zscaler How customers capture real economic value with zero trust Unleashing economic value: Zscaler's Zero Trust Exchange transforms security architecture while cutting costs. By Zscaler Nov 30, 2023 4 mins Security brandpost Sponsored by SAP A cloud-based solution to rescue millions from energy poverty Aware of the correlation between energy and financial poverty, Savannah Energy is helping to generate clean, competitively priced electricity across Africa by integrating its old systems into one cloud-based platform. By Keith E. Greenberg, SAP Contributor Nov 30, 2023 5 mins Digital Transformation feature 8 change management questions every IT leader must answer Designed to speed adoption and achieve business outcomes, change management hasn’t historically been a strength of IT orgs. It’s time to flip that script by asking hard questions to hone change strategies. By Stephanie Overby Nov 30, 2023 10 mins Change Management IT Leadership feature CIO Darlene Taylor’s formula for success: Listen, drive, care This Motor City CIO says building and maintaining credibility starts with an empathy-driven approach, which has the potential to render you highly appealing to top talent. By Michael Bertha Nov 30, 2023 6 mins Automotive Industry IT Leadership Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe