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TAMPA -- Reptron Electronics today reported financial results for its second quarter ended June 30, and said it would lay off 10 to 12% of its workforce in an attempt to cut costs..

The electronics manufacturing services company said net sales from continuing operations were $34.5 million, down 3% decline from a year ago and down 0.7%  sequentially. The loss from operations was $11.8 million, including a non-cash goodwill charges of $10.1 million, versus a $147,000 loss last year (including activity from discontinued operations and reorganization costs, which collectively resulted in net earnings of $27,000).

Reptron president and chief executive Paul J. Plante said, "Demand from our legacy customer base has been sluggish during the first half and we anticipate that this trend is likely to continue during the second half of the year."

He said that margins were hurt by the implementation of practices to comply with RoHS.

Plante said the company would reducte full-time equivalent employees by about 10% to 12% by the third quarter of 2005 in an effort to contain costs and improve profitability.

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