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PCB | May 04, 2006

PCB plant in Spain lay off 362

PCB maker Denali Partners (who most recently acquired two plants from Tyco Electronics) announced that they will lay off 362 of its 400 employees in its PCB factory in Madrid.
On March 31 Tyco Electronics sold its PCB plants in Valladolid and Madrid and now the new owners, Denali Partners LLC based in USA, announced that the manufacturing will be transferred from the Madrid plant to the company´s plant in Valladolid and to manufacturing units in China. As a result of the transferred production 362 out of 400 employees will be laid off from the company´s Madrid plant.

Tyco Electronics has now only one site left in Europe, the one in Dublin, Ireland.

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