Solectron Cuts Workforce

Restructuring plan includes workforce cut of 1,400.

Solectron Corp., which provides electronics manufacturing and supply chain management services, announced Thursday that it will reduce its workforce as part of a restructuring plan.

The company expects restructuring and impairment charges to be between $50 to $60 million, with 90 percent of that being cash expenditures.

The restructuring plan, which Solectron anticipates to be completed within the next 12 months, will include a workforce reduction of 1,400 and the consolidation of 700,000 square feet of facilities in Western Europe and North America.

For the fourth quarter of 2006, Solectron reported sales of $2.9 billion, which is a 7.4 percent increase over the third quarter’s $2.4 billion.

More in Industry 4.0