Seventy jobs are to be axed from a technology firm in Co L'Derry. Seagate, designers and manufacturers of hard drive storage devices, said the job losses were due to the firm "undertaking a number of actions to better position the company for success and growth and to respond to new demand levels". The company is cutting the jobs from its Springtown facility. In a statement the firm said: "Seagate is undertaking a number of actions to better position the company for success and growth and to respond to new demand levels within the industry. "These new levels are a result of a very dynamic and disrupted storage industry, driven by accelerating usage shifts of technologies and architectures by end users, and underpinned by a weak macro-economic environment. "Unfortunately the required actions include some reduction in the company's workforce." Sinn Féin MLA Raymond McCartney said: "News that Seagate are planning to make up to 70 workers redundant came as a blow to the economy in Derry.