SRIPERUMBUDUR, INDIA -- A Foxconn employees union remains at a standstill with management over the company’s decision to suspend operations at its India plant.

The plant is scheduled to close Dec. 24, leaving the future of the site's 1,700 employees in doubt.

Foxconn management reportedly told the Indian Labor Department that the plant would remain open until this weekend, after which emplpyyes would receive an undisclosed amount of paid time off. The union is responding by saying the "holiday" is in fact a shutdown.

ST. PETERSBURG, FL – Jabil Circuit today reported preliminary fiscal 2015 first-quarter net revenue of $4.55 billion, up 5% year-over-year. Net income for the quarter ended Nov. 30 was $72.2 million, down 38.8% compared to the first quarter of fiscal 2014.

VINCENNCES, CEDEX, FRANCE -- Inventec Performance Materials yesterday acquired SMT International, the manufacturer of Amtech brand solder pastes.

WASHINGTON – Information Technology Industry Council president and CEO Dean Garfield last night congratulated the US Senate for passing a bill to extend tax breaks for corporations but reiterated that changes are needed to the US tax code.