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Merix Posts Q2 loss, Plans to Cut 180 Jobs |
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Written by Philip Buonpastore
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Wednesday, 09 January 2008 |
Beaverton, OR - As
reported by Reuters, Merix reported a quarterly loss related
to a factory closure in Hong Kong, and said it will cut about 180 jobs in North
America where the PCB maker is being hit by a slowdown.
For the
second quarter, the company reported a loss of $5 million, compared with
earnings of $1.8 million a year ago. Revenue fell 6 percent to $97.4 million.
Merix
also plans to close its Wood Village, Oregon lamination operation by March
1. The elimination of the 180 jobs in North America is expected to reduce its
annual costs by about $11 million. |
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