NEENAH, Wis., Sept. 22 -- Plexus Corp. will take up to $13 million in restructuring charges and close its Bothell, WA, plant, the company said today.

By the end of its fiscal 2005 second quarter, the company will lay off 160 workers and close 100,000 sq. ft. of capacity, Plexus said in a press statement.

The move is expected to generate $2 million in pretax savings per year.

The closure is not expected to impact fiscal 2004 fourth quarter revenue or EPS guidance (excluding restructuring charges and valuation allowance. Plexus updated its revenue guidance to be at the low end of its previously announced range of $270 million to $280 million.

The company will take charges over the next three quarters, $4 million to $5 million in the fourth quarter and $6 million to $8 million over the following two quarters.

Plexus also said start-up costs of its new Malaysian facility are higher than expected, due in part to a slower-than-expected rate of customer qualifications.

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