Seagate technology plc says committed to a restructuring plan

Seagate technology plc says on june 1, co committed to a restructuring plan - sec filing.seagate technology plc says intends to consolidate co's minnesota facilities into one location.seagate technology plc says reduce headcount worldwide by about 500 employees across 12 countries or about 1% of global headcount.seagate technology - restructuring plan to be completed by end of q1 of 2021, expected to result in total pre-tax charges of about $74 million.seagate technology - charges expected to consist of cash expenditure of about $57 million of employee termination costs, $11 million of other exit costs.seagate technology - savings from restructuring plan expected to begin in q1 of 2021, co intends to reinvest portion of savings back into business.
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