Park Cuts Jobs at Neltec

Published: 18 November 2008
 by Staff
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MELVILLE, NY -- Park Electrochemical Corp. announced a workforce reduction at its Neltec, Inc. electronic materials business unit located in Tempe, Arizona. The number of jobs being cut was not disclosed.

In September, Park also made an unspecified number of cuts to the Nelco Products business unit.

As a result of the Neltec cuts the company anticipates a Q3 charge of less than $100,000 for employment termination benefits for the company’s current fiscal year ending March 1, 2009.
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