News
Elcoteq to Shutter Juarez Factory
Published: 26 April 2007
by Mike Buetow
JUAREZ -- Elcoteq will shutter its manufacturing facility here and move production to the company's plants in Monterrey and China by year-end. The EMS company will take a one-time charge of 9 million euros.
All ongoing programs in Juarez will be finished as planned, the company said.
Formerly owned by Thomson, the 13,700 sq. meter Juarez factory manufactures set-top boxes and network products. Elcoteq took the plant over in 2005.
The closing will affect up to 2,300 workers. After the shutdown, Elcoteq will employ 5,000 workers in the Americas.
COO Jukka Jäämaa said, ”Although we have recently put more emphasis on developing and expanding our operations in Asia-Pacific, Americas continues to have a vital role in our global footprint."
