TOKYO – Omron Corp. reported net sales for the nine months ended Dec. 31 decreased 10.6% year-over-year to 499 million yen. Operating income fell 61.4% to 16.7 million yen during that time. Earnings before taxes fell 66.5% to 14,740 million yen, and net income was down 69% to 9.1 million yen.

The company is forming a new division, headed by president and CEO Hisao Sakuta, responsible for ensuring that emergency measures and structural reforms spearheaded by the head offices are swiftly and steadily implemented. Those steps include withdrawing from unprofitable businesses, suspend large-scale investments, and implement further cost-cutting in order to reduce costs by 40 billion yen. The company will restructure its three control businesses (industrial automation, electronic components, and automotive electronic components) and consolidate global production bases. 

US$1 = JPY 102.

TORONTO – Celestica Inc. announced fourth-quarter revenue fell 27% from last year to $1.94 billion. The GAAP net loss was $822.2 million, down from a GAAP net loss of $11.7 million last year, largely on goodwill writeoffs of $850.5 million.

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ST. PETERSBURG, FL -- Jabil will sharply reduce its manufacturing capacity around the world and lay off up to 3,000 workers, the company said. Jabil will take estimated charges of $65 million in pre-tax restructuring and impairments costs during fiscal 2009 and 2010.

The moves will affect about 10 facilities, which Jabil did not specify. The company said 10% of the headcount reductions will take place in the US.

Jabil said the restructuring should save the firm $55 million annually.

Jabil currently employs 85,000 workers worldwide.

SAN JOSE -- Flextronics, the world's second largest EMS company, reported fiscal third quarter net sales of $8.2 billion, down 9.9% year-over-year.

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