Iomega migrates to Malaysia – Macitynet.it
110 employees laid off, all assembly lines moved to Malaysia. These are the latest measures taken by Iomega to try to save the salvable and get out of a crisis that has been going on for almost two years now. The Salt Lake City company, once the absolute dominant of the storage sector with its ZIP, has announced the decision during the day yesterday, justifying it with the need to cut expenses. In the Asian country, where a ZIP system already existed, all Iomega products will be built; in Utah only the research and development departments and those dedicated to product quality control will remain. The people fired are the employees in the production of drives in the USA Since the increase in the popularity of CDs and CD-RWs Iomega has undergone a constant bleeding of sales losing all the ground conquered in the second half of the 90s with the genius ZIP idea. Recent efforts to bring its technology back to the fore by launching numerous CD-RWs has not yet been successful. Late last month the CEO, Bruce Albertson, resigned.