News
ASSODIGITALE, ITALY– Alcatel-Lucent will sell its manufacturing activities in Geel, Belgium, to TBP Electronics BV. Terms include the transfer of all customer contracts, 319 employees and manufacturing assets. The deal is expected to close next quarter. No financial terms were announced.
LOHJA, FINLAND -- Elcoteq is discussing a range of options for the EMS provider's operations in Finland, including layoffs of up to 500 workers and the possible closure of its Lohja manufacturing plant.
Elcoteq employs about 23,000 workers worldwide, about 700 in Finland.
The company previously announced it would reduce overhead costs by about 20 million euros per year.
The company's board has proposed moving its headquarters to Luxembourg, which is known as a corporate tax haven.
Elcoteq employs about 23,000 workers worldwide, about 700 in Finland.
The company previously announced it would reduce overhead costs by about 20 million euros per year.
The company's board has proposed moving its headquarters to Luxembourg, which is known as a corporate tax haven.
EL SEGUNDO, CA – After increasing its holdings of excess semiconductors during the first half of the year, the electronics supply chain finished 2006 with its highest level of end-of-year overstock in five years, says iSuppli.
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