Monday, March 3, 2003
Celestica, a Toronto EMS provider will lay off 450 employees when it closes an Oklahoma City manufacturing plant that was leased from Lucent two years ago.
Celestica expects to shut the Oklahoma City facility by October or November as part of the company's ongoing restructuring plans, according to sources close to the company. The plant makes network access products.
The major contractor leased Lucent's Oklahoma City site and purchased the Columbus, Ohio, facility as part of a five-year outsourcing pact that was initially valued at $10 billion in July 2001.
However, weak end-market demand for telecom-related products, Lucent's financial woes, along with the economic downturn, forced Celestica to revise its Lucent strategy.
In July 2002, Celestica closed its Columbus wireless equipment plant that had 900 employees and shifted production to lower-cost facilities. Lucent later repurchased the Columbus site from Celestica
By: Docmemory
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