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Electronics Production | August 21, 2006

Large costs when Raymarine transferred<br>its manufacturing to Flextronics

When Raymarine moved its manufacturing to Flextronics in Hungary its profit for the first half of 2006 fell 17%.

Raymarine fired workers in UK and transferred its manufacturing to Flextronics in Zala, Hungary. Raymarine's profit for its first half of 2006 fell 17% after this transfer and the company's net income fell to £11.2 million for the same period. Sales increased by 12 % but Raymarine's cost-cutting operations costed the company some £3.05 million but in total this outsourcing project so far has costed Raymarine about £14 million. In 2007 Raymarine will also shift some manufacturing to China.
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May 21 2019 9:58 pm V13.3.9-2