News
BUDAPEST -- Flextronics International will lay off up to 950 employees -- nearly half its workforce -- at its plant in Nyiregyhaza, in eastern Hungary, Reuters reported Tuesday, citing a local news agency.
According to the report, Flextronics has advised the local officials about the layoff.
The company reportedly employs 2,000 at the plant, which makes appliances and office electronics.
The report said Flextronics cited seasonality for the impeding layoffs.
According to the report, Flextronics has advised the local officials about the layoff.
The company reportedly employs 2,000 at the plant, which makes appliances and office electronics.
The report said Flextronics cited seasonality for the impeding layoffs.
TORONTO -- SMTC Corp., a mid-tier EMS provider, has begun building assemblies and perform final integration for an unspecified program for Telco Systems. No financial terms were announced.
Telco is a wholly owned subsidiary of BATM Advanced Communications, a provider of carrier-class transport and access gear for IP and TDM networks.
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Telco is a wholly owned subsidiary of BATM Advanced Communications, a provider of carrier-class transport and access gear for IP and TDM networks.
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SMTC is performing printed
circuit board assembly and full chassis fabrication, integration and
testing. Production began last quarter and will ramp to volume through the first quarter 2006.
SMTC is building assemblies in Toronto, and conducting chassis fabrication, PCBA integration, final test, and configuration in Boston.
ANGLETON, TX -- Benchmark Electronics
reported sales
of $625 million for its fourth quarter, up sharply from $524
million last year. Net income was up $4.5 million, to $24.7
million, for the quarter ended Dec. 31.
The company said it will expand its low-cost capacity while realigning elsewhere, specifically in in the U.K. It said it would take a $3.5 million to $4.5 million pretax charge for the closure of its U.K. facility.
The company said it will expand its low-cost capacity while realigning elsewhere, specifically in in the U.K. It said it would take a $3.5 million to $4.5 million pretax charge for the closure of its U.K. facility.
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