News
MILPITAS, CA -- Electronics
manufacturing services provider Solectron Corp. will cut 1,400 jobs -- about 2.5% of its workforce -- and close or consolidate roughly 11% of its square
footage in Western Europe. The firm will take restructuring charges of $50 million to $60 million for the job cuts, which would be spread over the next 12 months.
ARMONK, NY -- IBM Corp. last week issued layoff notices to about 400 employees of its hardware development division. The company downsized staff in Austin, TX; Burlington, VT; San Jose; Raleigh, NC; and Rochester, MN.
Employees have 30 days to secure another job within the company, according to a spokesman.
Employees have 30 days to secure another job within the company, according to a spokesman.
TORTOLA, BRITISH VIRGIN ISLANDS --
The CEO and president of EMS provider Bonso Electronics International retired, effective Oct. 1.
Chairman Anthony So has taken over as president and CEO from George O'Leary, who was with Bonso for 15 years.
Chairman Anthony So has taken over as president and CEO from George O'Leary, who was with Bonso for 15 years.
NEW YORK -- Private equity firm Francisco Partners has purchased Vitronics and Universal Instruments, Circuits Assembly has learned.
An announcement is expected later today. Terms were not disclosed and the transaction is subject to normal closing conditions and regulatory approval.
Privately held Francisco focuses on investments in technology and related services businesses.
An announcement is expected later today. Terms were not disclosed and the transaction is subject to normal closing conditions and regulatory approval.
Privately held Francisco focuses on investments in technology and related services businesses.
NEW YORK -- Sales of benchtop SMT equipment for low-volume, high-mix production has been on a steady rise, says Frost & Sullivan in a new report.
The research firm says revenues for the equipment would rise to $363.7 million in 2012, from $152.4 million in 2005.
“Being an intensely competitive and fast-paced industry, electronics relies on constant innovation and improvement of its products to sustain interest among customers,” said analyst Deepa Mathew. “SMT benchtop equipment plays a crucial role by providing a high degree of flexibility and desired performance to suit low-volume, high-mix production requirements.”
The research firm says revenues for the equipment would rise to $363.7 million in 2012, from $152.4 million in 2005.
“Being an intensely competitive and fast-paced industry, electronics relies on constant innovation and improvement of its products to sustain interest among customers,” said analyst Deepa Mathew. “SMT benchtop equipment plays a crucial role by providing a high degree of flexibility and desired performance to suit low-volume, high-mix production requirements.”
CHICAGO -- In its annual world
outlook for commercial airplanes, Boeing predicts a 6.1% annual increase in air cargo traffic over the next 20 years. Coupled with higher fuel costs, that suggests cargo rates will continue to fly higher in coming years.
The world's largest maker of planes also predicts passenger traffic to increase 4.9% a year through 2025.
The company said worldwide air freighter fleet will nearly double over the next 20 years to 3,560 airplanes, from 1,790.
The world's largest maker of planes also predicts passenger traffic to increase 4.9% a year through 2025.
The company said worldwide air freighter fleet will nearly double over the next 20 years to 3,560 airplanes, from 1,790.
Press Releases
- Altus Partners with Sellectronics to Enhance Manufacturing Capabilities with PVA Delta 8 System
- ITW EAE Celebrates Major Milestone in Domestic Manufacturing Expansion
- Micro Technology Services Selects PBT Works CompaCLEAN III for Advanced PCB Cleaning Performance
- Indium Corp. is Electrifying the Future with Advanced Materials Solutions at Productronica