LONDON Sean Neeson, a Member of the Legislative Assembly in Northern Ireland and the Alliance party enterprise spokesperson, has welcomed a £120 million (about $240million) investment by Seagate in its Londonderry site but has stated that he would prefer to see new jobs being created instead.
“It is good news that Seagate is still investing in Northern Ireland following last year's closure of its Limavady site. The fact that they are investing £120 million shows that they have a long-term plan for the Springtown site in Derry at this uncertain time as regards the global economy,” said Neeson.
“I would however have preferred that instead of merely announcing new equipment and infrastructure, they were announcing new jobs. With the credit crunch affecting everyone in Northern Ireland, what we need is more jobs here. With rising food and fuel bills, we need mores resources targeted at creating new jobs instead of upgrading facilities.”
Last year hard drives specialist Seagate closed one of its two manufacturing plants in Northern Ireland which resulted in around 800 full time employees losing their jobs.