News
BANGKOK – Fabrinet announced fiscal fourth-quarter net income of $13.6 million, up 245% year-over-year.
ORADEA, ROMANIA – Plexus Corp. said it has resumed operations here, following last week’s fire.
The fire was isolated to administrative offices in one of two buildings, and occurred when unoccupied; no injuries or fatalities resulted from this incident.
The source of the fire appears consistent with an electrical failure, the EMS firm said.
SHENZHEN – Hon Hai Precision (Foxconn) will increase its China workforce 9% to one million this year, and another 20% to 30% in 2011.
The world’s largest contract electronics assembler plans to cut its Shenzhen-based workforce to between 300,000 and 350,000 staff within the next five years, down from 470,000 today, as it moves production inland to lower-wage provinces.
The company also expects to limit overtime to 36 hours per month, down from about 80 hours currently.
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