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.