January 17, 2009

Layoffs at Redmond.

Filed under: hardware,US — 7macaw @ 1:34 pm
Tags: , , ,

TTM Technologies, Inc. (Nasdaq:TTMI), North America’s largest printed circuit board (PCB) manufacturer, today announced that it will close its Redmond, Washington facility during the first quarter of 2009 due to weakened demand for commercial PCBs.

The Redmond operation, which primarily produces commercial printed circuit boards, employs 374 full-time employees and 55 temporary employees. In addition to the Redmond closure, TTM is reducing headcount at other plants by approximately 140 employees. The combined layoff represents approximately 14 percent of the company’s work force.

Source: GlobeNewswire

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