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© kheng-guan-toh-dreamstime.com PCB | September 13, 2013

TTM closes China facility - laying off 600

US-based PCB manufacturer TTM Technologies will cease operations at its Suzhou, China facility (MAS) and lay off approximately 600 employees at this facility at or near the end of September 2013.
TTM intends to transfer the PCB production at MAS to one or more of its other facilities located in China.

The decision to close the MAS facility was based on the facility's capabilities not being consistent with TTM's advanced technology strategy, and the fact that it has not been profitable.

In a press release the company states that it will offer separation and other benefits to the affected employees. TTM expects to record, primarily in the third quarter, between USD 10 million and USD 20 million in separation, asset impairment and disposal costs related to this restructuring.
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December 12 2018 10:05 pm V11.10.12-1