Flextronics to cut jobs, close facilities

[GoFlyKiteNow]

Flextronics to cut jobs, close facilities

Flextronics International Ltd, the Singapore-based contract electronics manufacturer, said on Tuesday it is cutting jobs and closing facilities to cope with a weaker global economy.

The company expects to save between $230 million and $260 million a year through a restructuring plan that will reduce the workforce and reduce operating costs. It expects to recognize between $220 million and $250 million in pretax restructuring and impairment costs over the course of fiscal years 2009 and 2010.

About $190 million to $210 million of the costs are due to be recorded in its fiscal year ending March 31, with a significant portion of the restructuring costs coming from employee benefit and severance arrangements.

Flextronics signaled in January it might cut jobs due to a slowdown in the global economy. Its customers include Cisco Systems Inc, Sony Ericsson and Nortel Networks, which has filed for bankruptcy protection.

 

[lifeafter41]

Flextronics to cut jobs, close facilities

Flextronics International Ltd, the Singapore-based contract electronics manufacturer, said on Tuesday it is cutting jobs and closing facilities to cope with a weaker global economy.

The company expects to save between $230 million and $260 million a year through a restructuring plan that will reduce the workforce and reduce operating costs. It expects to recognize between $220 million and $250 million in pretax restructuring and impairment costs over the course of fiscal years 2009 and 2010.

About $190 million to $210 million of the costs are due to be recorded in its fiscal year ending March 31, with a significant portion of the restructuring costs coming from employee benefit and severance arrangements.

Flextronics signaled in January it might cut jobs due to a slowdown in the global economy. Its customers include Cisco Systems Inc, Sony Ericsson and Nortel Networks, which has filed for bankruptcy protection.

Understand flex has a couple of facilities here in Singapore, the closure of woodlands is already in effect, the others are in changi, and kallang. Are these affected too?. There is also a facilities just up north in JB.

 

[commoner]

Flextronic never heard of the magix formula of Job Credit Scheme which will save the world from retrenchment meh?

Did they talk to Shit Say on how to organise the tripartyorgy talks that will save jobs?

 

[funglung]

Flextronic never heard of the magix formula of Job Credit Scheme which will save the world from retrenchment meh?

Did they talk to Shit Say on how to organise the tripartyorgy talks that will save jobs?

Alamak!

You dont know by now that you discount any thing that those bastards in white say by 95%

Since when has anyone heard whole truths from them at all?

Lies upon fucking lies upon fucking lies come from any and all of them.

At best you get fucking hot air from them all, puppets of bastard Lee Kuan Yew




HOW ELSE DID BASTARD LEE KUAN YEW GOT FROM YOU ALL THAT 400-500++ BILLIONS INTO HIS TEMASICK AND GIC?

EVEN MORE HUNDREDS OF BILLIONS INTO HIS RESERVES




Sinkies got no balls
You all dare not stand with those that tried to speak for you.
SO HOW MANY TRIED TO SPEAK FOR YOU NOW?

You all dare not give money to them so that they can work for you.
SO HOW MANY CAN WORK FOR YOU NOW?

You all dare not support them publicly so that they can speak for you.
SO HOW MANY PUBLICLY SPEAK FOR YOU NOW?

You all turn your backs on those that spoke out bravely against LKY
LKY hit out at those who tried to speak for you with his kangaroo courts
You turn your backs and not support them with money and courage.


SO HOW MANY TRIED TO SPEAK FOR YOU NOW?
SO HOW MANY CAN WORK FOR YOU NOW?
SO HOW MANY PUBLICLY SPEAK FOR YOU NOW?


You let them be beaten and bankrupted because you all have no balls
NOW YOU GETTING YOUR BALLS CUT OFF FROM YOU AND YOU AND YOUR FAMILY RAPED AND FUCKED BY LEE KUAN YEW AND HIS COCKROACHES IN WHITE


Why complain now?

Your 400-500++ billions sucked and bled into LKY Temasick and GIC

And even more billions are currently sucked and bled so that LKY can use those money to bastardised and pay his kangaroo courts and running dogs to bleed even more billions from you in future

You got what you all deserved
for your lack of balls

 

[eeoror88]

Not to worry.

There are many jobs at our shipyards waiting to be filled.

Incidentally, existing workers will be getting 6 to 8 months bonus at end of March. Not joking.:o