Maxtor which makes hard-disk drives for personal computers, is reducing its work force by up to 5,500 people at its Singapore manufacturing operations. Maxtor, based in Milpitas, Calif., said roughly 2,500 of the planned job cuts will be achieved through attrition and the rest by severance.The reduction stems from its plan to close one of its two plants in Singapore and move its manufacturing of desktop products to China. The plant shutdown is expected to be completed by 2006. The severance packages are expected to lower first-quarter earnings by $ 12 million. Maxtor, which had revenue of $ 3.8 billion for the year ended Dec. 25, also said it will spend about $ 6 million in retention bonuses over a two-year period.

Maxtor which makes hard-disk drives for personal computers, is reducing its work force by up to 5,500 people at its Singapore manufacturing operations. Maxtor, based in Milpitas, Calif., said roughly 2,500 of the planned job cuts will be achieved through attrition and the rest by severance.The reduction stems from its plan to close one of its two plants in Singapore and move its manufacturing of desktop products to China. The plant shutdown is expected to be completed by 2006. The severance packages are expected to lower first-quarter earnings by $ 12 million. Maxtor, which had revenue of $ 3.8 billion for the year ended Dec. 25, also said it will spend about $ 6 million in retention bonuses over a two-year period.