Elcoteq Slashes 5,000 Jobs, Closing Plants

Buetow, Mike
February 2009
Circuits Assembly;Feb2009, Vol. 20 Issue 2, p8
Trade Publication
The article reports that Elcoteq, an electronic manufacturing services (EMS) provider, will downsize its manufacturing operations. About 5,000 employees could be laid off, which constitute about 25% of the global workforce of the company. Facilities in Russia, Romania and Texas will be shut down. The downsizing is expected to save the company at least $105 million annually.


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