SIEVI, FINLAND – Scanfil reported third quarter sales fell 5% year-over-year to $70 million and operating profits dropped 7% to $6.5 million.
Year-to-date revenues totaled $205 million, down 3% from 2007. Operating profits rose 26.7% to $20.8 million. Net profits were up 25% to $16.8 million.
MALMÖ, SWEDEN – PartnerTech, the largest EMS company in Scandinavia, reported third-quarter sales fell 7.7% to$71 million. The operating profit dropped 29% to SEK $1.27 million, while net profits fell 36% to $584,000.
Year to date sales were $233 million, down 5.4% year-over-year. The company swung to a net loss of $174,000. Cash flow after investments amounted to $4.1 million.
Through September, sales of terminals and machine solutions are up 11.3% on higher demand. Medical equipment sales fell 18.4%. Industrial and telecom, the company’s biggest segment, fell 7.6%.
During the quarter, PartnerTech reduced headcount by 65.
SAN JOSE -- Flextronics has reportedly laid off about 70 workers in Taiwan and additional cuts are possible, according to a local newspaper report.
The Apply Daily, citing company sources, said most
of laid off workers are from the company's notebook and server operations.