Electronics Production | September 17, 2004

Solectron planning new round of lay offs

Solectron Corp. expects to lay off 500 employees in Europe and North America and to record restructuring charges of $20 million-25 million in its fiscal fourth quarter, according to Dow Jones, reports.
The restructuring actions are intended to consolidate the company's facilities additionally and to continue moving Solectron's operations to lower-cost regions, reports. Solectron also stated that it is projecting a loss of between $6 – $15 million for the fourth quarter ended August 31.


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