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Company Directory - Seagate Technology Holdings plc

Company Details - Seagate Technology Holdings plc

Seagate Technology Holdings plc Logo

Seagate Technology Holdings plc

Website

NASDAQ: STX 

ISIN: GB00BJKFF187

Seagate Technology Holdings plc is a leading global provider of data storage solutions, known for its innovation in hard drives and storage solutions that cater to both industrial and consumer markets.

CCI Score

CCI Score: Seagate Technology Holdings plc

-0.22

Latest Event

Historic Union Vote at Seagate

Seagate workers voted overwhelmingly for trade union recognition with Unite the Union, marking a significant milestone in securing collective bargaining rights.

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BYSTANDER

Seagate Technology Holdings plc is currently rated as a Bystander.

-1 to -4 CCI Score
Companies scoring here do little to oppose authoritarianism. Their inaction results in a passive endorsement of the status quo, as they neither actively resist oppression nor contribute to overt support for it.

Latest Events

  • Historic Union Vote at Seagate Logo
    JAN
    30
    2024

    Seagate workers voted overwhelmingly for trade union recognition with Unite the Union, marking a significant milestone in securing collective bargaining rights.

  • +80

    Labor Relations and Human Rights Practices

    April 8

    The successful vote for union recognition is a strong progressive move, reinforcing labor rights and worker empowerment. This outcome enhances the balance of power in favor of workers, challenging authoritarian or anti-union corporate practices.

    Historic vote by Seagate workers secures collective bargaining rights for Unite the Union

  • Seagate Anti-Slavery and Human Trafficking Statement Logo
    JUL
    10
    2023

    Seagate released its annual anti-slavery and human trafficking statement detailing comprehensive measures to eradicate forced labor in its operations and supply chain, including supplier training, risk assessments, audits, and remediation processes.

  • +80

    Labor Relations and Human Rights Practices

    April 8

    The statement underscores Seagate's commitment to human rights by ensuring fair labor practices, prohibiting forced and slave labor, and emphasizing safe and equitable working conditions. This proactive approach to protecting worker rights has a positive anti-authoritarian impact.

    Seagate Technology Anti-Slavery and Human Trafficking Statement

  • +80

    Supply Chain Ethics

    April 8

    The document details robust supply chain ethics through supplier education, mandatory compliance with the Responsible Business Alliance Code, rigorous risk assessments, and corrective audits, which collectively work to prevent forced labor and human trafficking.

    Seagate Technology Anti-Slavery and Human Trafficking Statement

  • Industrial Court Hears Union Recognition Application at Seagate Logo
    MAY
    23
    2023

    The Industrial Court has confirmed it will hear Unite The Union’s application for collective bargaining recognition at Seagate’s Derry site. This development comes amid the company’s refusal to negotiate a voluntary recognition agreement and follows announcements of planned redundancies, highlighting growing tensions over labor rights.

  • -50

    Public and Political Behavior

    April 8

    Seagate’s management stance by refusing voluntary union recognition undermines workers’ collective voice and political rights. This behavior reflects a broader pattern of dismissing workers' demands and contributes to negative public and political perceptions, aligning with authoritarian practices.

    Court to hear trade union's application for recognition at Seagate

  • -70

    Labor Relations and Human Rights Practices

    April 8

    By cutting jobs and resisting union demands, Seagate has exhibited poor labor relations practices. The management’s reluctance to engage with workers seeking collective bargaining rights demonstrates an authoritarian approach that undermines workers' rights and social justice.

    Court to hear trade union's application for recognition at Seagate

  • Trade Union Recognition Hearing at Seagate Logo
    MAY
    22
    2023

    The Industrial Court confirmed it will proceed to hear the trade union's application for collective bargaining recognition at Seagate’s Springtown manufacturing site, marking a significant advance in worker representation and union rights.

  • +80

    Labor Relations and Human Rights Practices

    April 8

    The decision to hold a hearing on the trade union's application for collective bargaining recognition represents a positive move towards improving labor relations and worker rights at Seagate. This development supports more equitable and anti-authoritarian labor practices, aligning with progressive, anti-fascist objectives.

    Workers hail 'historic' decision by Industrial Court to hear ...

  • Seagate Implements Redundancies and Wage Cuts Amid Union Criticism Logo
    MAY
    18
    2023

    On May 18, 2023, Seagate announced a retrenchment package at its Springtown site, seeking over 100 voluntary redundancies and implementing wage cuts amid a decline in post-pandemic sales. The action was criticized by Unite, which deemed the move 'unnecessary and unjustified' and urged workers to unionize for collective bargaining rights.

  • -80

    Labor Relations and Human Rights Practices

    April 8

    The decision to implement redundancies and wage cuts, as part of a retrenchment package during a sales downturn, directly undermines workers' rights and fair labor practices. The union's condemnation highlights that this move disproportionately harms employees without sufficient justification, reinforcing concerns over Seagate's labor relations practices.

    Unite slams 'unnecessary and unjustified' Seagate redundancies

  • Seagate Fined $300M for Export Control Violations Logo
    APR
    20
    2023

    U.S. authorities fined Seagate Technology Holdings plc $300M for continuing to supply hard drives to Huawei in violation of export control rules. The incident highlights systemic compliance failures as Seagate maintained its business relationship with Huawei even after competitors ceased doing business under new sanctions.

  • -75

    Business Practices and Ethical Responsibility

    April 8

    Seagate's decision to persist in sales to Huawei despite severe U.S. export restrictions represents a major lapse in ethical business practices. The $300M fine, coupled with continued shipments even after clear sanctions, indicates a disregard for regulatory oversight and proper corporate responsibility, thus negatively impacting its standing on ethical responsibility.

    Seagate Fined $300M on Sanctions Failures - Radical Compliance

  • Seagate Violated U.S. Export Regulations in Huawei Transactions Logo
    OCT
    26
    2021

    On October 26, 2021, a Senate committee report led by U.S. Sen. Roger Wicker revealed that Seagate Technology likely violated the Foreign Direct Product Rule by engaging in unlawful transactions with Huawei. The report alleges that Seagate flouted U.S. export controls meant to protect national security, engaging in practices that allowed the company to gain significant profits and monopolize market segments related to sensitive technology.

  • -80

    Business Practices and Ethical Responsibility

    April 8

    Seagate's actions in engaging with Huawei while violating key export control regulations demonstrate a severe breach in ethical business practices. By disregarding established U.S. rules, the company compromised its ethical responsibility in business operations.

    Committee Investigation Suggests Leading Technology Company Violated Huawei-related Rule

  • -70

    Technology and Services Impact

    April 8

    By illegally providing sensitive technology to Huawei, Seagate undermined regulations designed to protect national security. This action contributes to the proliferation of technology that may be used in repressive regimes, thus negatively impacting society.

    Committee Investigation Suggests Leading Technology Company Violated Huawei-related Rule

  • -50

    Economic and Structural Influence

    April 8

    The investigation highlights that through its non-compliant practices, Seagate not only reaped significant profits but also monopolized market segments in sensitive technology. This demonstrates a disregard for the structural regulatory framework and ethical economic influence.

    Committee Investigation Suggests Leading Technology Company Violated Huawei-related Rule

  • Seagate Enhances Supply Chain Transparency Logo
    JAN
    01
    2012

    Seagate's ESG page outlines its commitment to supply chain transparency and ethical sourcing. The company requires suppliers to complete a Conflict Minerals Reporting Template and source from conflict‐free validated smelters, aligning with measures mandated by the California Supply Chain Transparency Act effective from January 1, 2012.

  • +70

    Supply Chain Ethics

    April 8

    Seagate demonstrates a proactive approach to ethical supply chain management by mandating supplier transparency through conflict minerals reporting and sourcing from validated, conflict‑free smelters. These practices help ensure the company is not complicit in exploitative labor or human trafficking practices, reflecting a positive anti‑authoritarian stance in its business practices.

    Supply Chain

Corporate Financials

Revenue
2025
$2.59B
Total Assets
2025
$10.80B
Operating Income
2025
$400.00M
Total Equity
2025
$5.60B

Industries

334111
Electronic Computer Manufacturing
334112
Computer Storage Device Manufacturing
541519
Other Computer Related Services