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Iomega Announces Layoffs; Utah Impact Unknown

Iomega Announces Layoffs; Utah Impact Unknown

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This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SAN DIEGO (AP) -- Data storage maker Iomega Corporation has unveiled a restructuring plan that will cut 145 employees -- 25 percent of its work force.

The company did not say how the action would affect its employees in Utah, where the firm started.

The company said the steps should help save approximately 30 (M)million dollars to 35 (M)million dollars per year when implementation is complete by the end of the first quarter.

(Copyright 2004 by The Associated Press. All Rights Reserved.)

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