MINNEAPOLIS -- CyberOptics announced that Kathleen Iverson will retire as president and CEO effective Jan. 31, as part of a planned transition. Executive chairman Subodh Kulkarni will assume Iverson’s duties after that time until a permanent CEO is appointed.
SON, THE NETHERLANDS – Neways Electronics has reached agreement with a German labor board to lay off 120 workers at its defunct subsidiary in Kassel, Germany.
TORONTO -- SMTC has named Sushil Dhiman president and chief executive, effective Jan. 6. He supersedes interim president and CEO Larry Silber, who was named to the post in May following the departure of co-CEOs Alex Walker and Claude Germain.
MILWAUKEE — Sixty-five percent of manufacturers experienced revenue growth in 2013 but nearly half still consider the economy the biggest challenge, according to results of the ASQ 2014 Manufacturing Outlook Survey. And while 64% of of the more than 700 respondents worldwide expect increased revenue in 2014, that percentage is down from years past, albeit slightly.
NEWARK, NY -- IEC Electronics swung to a net loss due to problems at its Southern California Braiding operation. The EMS company reported a net loss of $8.67 million for the period ended Sept. 30, down from profits of $1.59 million a year ago, including a $14.2 million impairment charge related to the SBC unit.
TAIPEI -- Foxconn chairman Terry Gou anticipates the company's revenue will grow 15% next year, reversing a slower 2013, an Asia-based media outlet is reporting. Sales at the world's largest EMS are down 0.8% year-over-year through November.
