SURREY, ENGLAND – TT Electronics, the parent company of TT EMS, will lay off 700 workers this year, the company said today.

The cuts would make up about 10% of the firm's global staff and are in addition to headcount reductions of 595 positions in 2008.

The company, which provides electronics manufacturing services and makes electronic sensors, did not indicate which divisions would see layoffs. It did say, however, that its sensor business would be restructured to reduce exposure to the automotive sector.

Although often misidentified as one of the 50 largest EMS companies in the world, TT’s EMS unit had sales of 54 million pounds ($72 million) through the first half of 2008, an annualized run rate of about $144 million, well below the $200 million threshold to make the list.

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