Plant Closings Ahead, Flextronics CEO Says

摘要

San jose - Stung by a large drop in revenue and trying to meet stated goals for margins, Flextronics (flextronics.com) is planning another round of layoffs and factory closings. On a conference call with analysts, CEO Mike McNamara said the world's second largest EMS company expects overall revenues to drop as much as 6% sequentially in the current quarter, in part due to the loss of its largest smartphone customer, RIM. He said the company would reduce its footprint to improve its cost structure.