Electronics Production | February 04, 2008
Celestica to expand restructuring plan
Canada based EMS provider Celestica plans to spend up to $75 million on an expanded restructuring program in 2008.
Last week evertiq.com reported that the company has posted a loss and a lower revenues in its fourth quarter, TheStar reports. According to Celestica "The company has also determined it will expand its restructuring program by $50 million to $75 million during 2008 in order to further reduce fixed costs and overhead expenses”.
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