690 Jobs Affected in Xerox/Flextronics Deal, Hopes to Sell European Operations
Press release from the issuing company
10/3/01 - (WhatTheyThink.com) - Xerox announced their intent to sell what amounts to 50 percent of their overall manufacturing operations netting some $220 million. Flextronics will take over most all current operations in their office manufacturing segment. Flextronics is a $12 billion global electronics manufacturing services (EMS) company.
Xerox also said it would “stop production by the end of the second quarter 2002 at its printed circuit board factory in El Segundo, Calif., and its customer replaceable unit plant in Utica, N.Y. The operation in El Segundo currently employs 425; Utica's employment is 265. When these plants close, Flextronics will build the work into its global network of manufacturing plants.“
The company also said they would begin consultations with “European works councils regarding the sale of its office manufacturing operations in Venray, The Netherlands, and the transfer to Flextronics of some production work currently performed at Xerox's site in Mitcheldean, England.”
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