Sanmina will close it production facility in Lod, Israel
18 December, 2012
The plant's 300 employees received the notice today. Techtime has learned that some of the employees will move to Sanmina-Medical in the Galilee
Sanmina’s revenue for fiscal 2012 were down 7.7%
Sanmina Corporation (former Sanmina-SCI) will close its ekectronics production facility in the town of Lod, in the center of Israel. The plant’s 300 employees received the notice today. Techtime has learned that some of the employees will move to Sanmina-Medical in the Galilee.
The rumors about the possible closing of this facility were spreading for the last year and become clearer after the company published its fourth quarter And fiscal year end wesults, on October 30, 2012. Revenue for Q4 was $1.58 billion, compared to $1.70 billion for the same period of fiscal 2011. Revenue for fiscal year ended September 29, 2012 was $6.09 billion, down 7.7% compared to $6.60 billion for 2011.
The company also announced a restructuring plan which impacts two of its manufacturing facilities. As a result of this plan, the Company has recorded charges in its fourth quarter of approximately $11.9 million, consisting of severance pay for affected employees and related asset impairments. Sanmina expects to complete the actions fiscal 2013.
Sanmina Corporation provides manufacturing solutions in the segmant of Electronics Manufacturing Services (EMS). It employs approximately 36,000 workers and support OEMs in the communications, defense and aerospace, industrial and semiconductor systems sectors.