IBM to shut down Hungary HDD plant

Posted on Wednesday, October 23 2002 @ 7:59 CEST by Thomas De Maesschalck
IBM’s HDDs that were manufactured in the recent years were not very quality and were often blamed for low reliability. The source states that the products made in Hungary were known for really extremely quality, and major product control and quality control failures. Of course, the problems with IBM’s hard disk drives may lie deep down below the reasons that are stated by the spokespersons and it seems that we will never find them out in the near future.

With the fab closure, approximately 3700 people are going to loose their jobs, moreover, Hungary itself will also loose quite a lot of money, keeping in mind that IBM’s revenue for 2001 year there reached $2.19 billion.
Source : Xbit-Labs

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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