News
VALLEY CITY, ND - Vansco Electronics, a maker of electronic controls for equipment manufacturers, will layoff 27 of the its 72 employees here, the company said.
The layoffs could begin in January, a company official stated. The Winnipeg, Manitoba-based company said most of its manufacturing at the Valley City plant will be consolidated at other sites.
The plant was opened in 2001. In 2003, the company was given about $635,000 in city and state grants to keep it from leaving town, according to reports.
The layoffs could begin in January, a company official stated. The Winnipeg, Manitoba-based company said most of its manufacturing at the Valley City plant will be consolidated at other sites.
The plant was opened in 2001. In 2003, the company was given about $635,000 in city and state grants to keep it from leaving town, according to reports.
WINSTON-SALEM, NC -- Dell this month will open a 750,000 sq.-ft. manufacturing facility -- the computer maker's largest -- in the Alliance Science &
Technology Park in Winston-Salem.
The new facility will employ about 700 people in its first year of operation and will have 1,500 employees within five years, Dell said in a statement today.
The new facility will employ about 700 people in its first year of operation and will have 1,500 employees within five years, Dell said in a statement today.
NY -- Jaco Electronics
Inc., a distributor and integrator of electronic components and flat
panel displays, today reported fiscal fourth-quarter revenues grew 3.5%
compared to last year, but earnings dropped sharply due to a large
inventory writedown.
For the quarter ended June 30, the company reported net sales of $59.1 million, up from $57.1 million. The net loss was $1.98 million, including a one-time, non-cash, pretax writedown of $2.2 million. Last year, the company reported income of $177,000.
For the year, net sales were $231.8 million, down from $249.1 million. The net loss increased to $4.9 million, from $556,000. Fiscal fourth quarter SG&A expenses declined 14% vs. a year ago. For the year, SG&A fell 8%.
In a statement, Jaco chairman and chief executive Joel Girsky said, “I believe we have made progress in extending our U.S. market presence with a focused marketing model emphasizing Jaco's core strengths in providing value-added products and services for our customers, especially in the flat panel display and Far Eastern logistics business segments.”
Jaco supports large contract manufacturers in Asia with logistics programs such as automated inventory management.
For the quarter ended June 30, the company reported net sales of $59.1 million, up from $57.1 million. The net loss was $1.98 million, including a one-time, non-cash, pretax writedown of $2.2 million. Last year, the company reported income of $177,000.
For the year, net sales were $231.8 million, down from $249.1 million. The net loss increased to $4.9 million, from $556,000. Fiscal fourth quarter SG&A expenses declined 14% vs. a year ago. For the year, SG&A fell 8%.
In a statement, Jaco chairman and chief executive Joel Girsky said, “I believe we have made progress in extending our U.S. market presence with a focused marketing model emphasizing Jaco's core strengths in providing value-added products and services for our customers, especially in the flat panel display and Far Eastern logistics business segments.”
Jaco supports large contract manufacturers in Asia with logistics programs such as automated inventory management.
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