News
TORONTO, CANADA -- SMTC will conduct a full physical count of its inventory at the request of its new management following the identification of an overstatement at its EMS operation in Chihuahua, Mexico. SMTC said its financial statements for 2012 and through the first three quarters of 2013 should no longer be relied upon.
SHENZHEN -- Nam Tai today reported fourth-quarter net income of $9.2 million, down 74.7% from a year ago. The company said it will exit the EMS business following the wind down of orders for LCMs at its Shenzhen facility.
TURGI, SWITZERLAND -- Enics has begun administrative procedures as part of a planned layoff of 25 workers here in response to lower industry demand, the EMS company announced. The layoffs will begin in mid February, following completion of the local consultation procedures.
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