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 Why CISOs Are Looking to Lateral Security to Mitigate Ransomware How to fight ransomeware attacks with lateral security By VMware Mar 27, 2023 2 mins VMware Cloud Security Feature State of the CIO, 2023: Building business strategy Despite a focus on core modernization and transformation work, 2023 State of the CIO respondents say CIOs are playing a strategic leadership role with impact that transcends IT. By Beth Stackpole Mar 27, 2023 11 mins CIO Business IT Alignment Digital Transformation Analysis Why data leaders struggle to produce strategic results A recent Gartner survey of data and analytics leaders found that fewer than half think their teams are effective at providing value to their organizations. Here’s how to change that equation. By Thor Olavsrud Mar 27, 2023 8 mins Chief Data Officer Data Management IT Leadership BrandPost How Infosys and Tennis Australia are harnessing technology for good By Veronica Lew Mar 26, 2023 6 mins Infosys 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