SAN JOSE -- Flextronics International, in a statement issued today, said it would cut an undisclosed number of jobs and close certain plants as company tries to rebound from a global slump. Flextronics' holdings include Multek, a global PCB supplier.

Flextronics also said it will move manufacturing capacity to lower-cost sites.

The company will take a pretax restructuring charge of $220 million to $250 million in its fiscal 2009 and 2010 years, including $190 million to $210 million to be booked in the fiscal year ending March 31. The moves are expected to saving $230 million to $260 million a year.

Flextronics did not disclose which plants would be shuttered or the number of employees that would be laid off. It is unclear whether the layoffs referred to by Flextronics include the recent reported closing of its Kuala Lumpur factory, which will reduce the company's headcount by nearly 1,400. The Daily Herald is reporting Flextronics has filed documents in Illinois indicating plans to close operations in Elk Grove Village by May, a move that would cost 113 jobs.

The company will file a Form 8-K with the SEC today containing additional information.

The company said $130 million to $150 million would be cash charges to cover employee benefits and severance. 

Flextronics has more than 160,000 workers scattered across 30 countries. In the December quarter, Flextronics laid off at least 1,650 workers and took a charge of $28.3 million.

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