News
ST. PETERSBURG, FL -- Jabil will sharply reduce its manufacturing capacity around the world and lay off up to 3,000 workers, the company said. Jabil will take estimated charges of $65 million in pre-tax
restructuring and impairments costs during fiscal 2009 and 2010.
The moves will affect about 10 facilities, which Jabil did not specify. The company said 10% of the headcount reductions will take place in the US.
Jabil said the restructuring should save the firm $55 million annually.
Jabil currently employs 85,000 workers worldwide.
The moves will affect about 10 facilities, which Jabil did not specify. The company said 10% of the headcount reductions will take place in the US.
Jabil said the restructuring should save the firm $55 million annually.
Jabil currently employs 85,000 workers worldwide.
SAN JOSE -- Flextronics, the world's second largest EMS company, reported fiscal third quarter net sales of $8.2 billion, down 9.9% year-over-year.
NEENAH, WI -- Plexus Corp. reported first-quarter revenue of $456 million, at the low end of company guidance and flat with last year. Revenues declined 4% sequentially. Net income for the quarter ended Jan. 3 was $17 million, down 59%.
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