Seagate 2008 Annual Report Download - page 152

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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
20. Subsequent Events (Continued)
of manufacturing equipment, and $10 million for other plant closure and relocation costs. The Company expects to record severance charges of
up to $60 million as restructuring costs in its Statement of Operations for its first quarter of fiscal year 2010, while the remainder of the
restructuring charges are expected to be incurred through the end of calendar year 2010. The Company believes annual savings of approximately
$40 million per year will be realized when activities are fully transitioned.
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