|
Park Plans to Close Some French Ops |
|
|
|
Written by Mike Buetow
|
|
Monday, 15 September 2008 |
|
MELVILLE, NY – Park Electrochemical Corp. will close its
restructure its Mirebeau, France, business unit and reorganize its business in
Lannemezan, France, as part of a proposed broad European restructuring.
Should the plan go through, the company expects a one-time pretax
charge of about $5 million to $6 million in the third or fourth quarter.
The Mirebeau site, Neltec Europe SAS, makes digital
electronic materials. Park has begun the required consultation process with employees
regarding the proposed closure. Park said the demand for the European market is
no longer sufficient to maintain those operations, which would be relocated to
the U.S.
Park also plans a limited reorganization of its Neltec
SA RF/microwave electronic materials business unit in Lannemezan, France. |
Comments
You are not authorized to leave comments. Please login first.
News 