Celestica to stop manufacturing for Research in Motion

- Advertisement -

Celestica Inc, a global leader in the delivery of end to end product lifecycle solutions, recently announced that over the course of the next three to six months, it will wind down its manufacturing services for Research in Motion (RIM).

Celestica has been a high performing manufacturing supplier for RIM and will work closely with RIM throughout the transition. As discussed on the company’s first quarter results conference call on April 24, 2012, Celestica has been working with RIM as it assesses its supply chain strategy. Celestica estimates that prior to any recoveries, its restructuring charges will not exceed US$ 35 million.

More details about this announcement will be provided as part of the company’s second quarter results which are scheduled for July 27, 2012.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Foxconn Hires Former Nidec CEO As Strategy Chief For EVs

0
Foxconn Technology group's latest hire has decades of experience in the automotive industry with names such as Nissan and Dongfeng Motors in its portfolio. Foxconn...

Gautam Solar Finds New Space in Ministry’s Approved List

0
Gautam Solar’s 545 Wp series of 10BB mono solar panels are now part of the Approved List of Models and Manufacturers Its polycrystalline...

Digi-Key Launches Global Capability Center in Bengaluru

0
The facility, made with its support partner SMC Squared, will be an integral part of Digi-Key Electronics’ long-term strategy Leading electronic components distributor, Digi-Key Electronics...

Exclusive

Gautam Solar Finds New Space in Ministry’s Approved List

0
Gautam Solar’s 545 Wp series of 10BB mono solar panels are now part of the Approved List of Models and Manufacturers Its polycrystalline...

Digi-Key Launches Global Capability Center in Bengaluru

0
The facility, made with its support partner SMC Squared, will be an integral part of Digi-Key Electronics’ long-term strategy Leading electronic components distributor, Digi-Key Electronics...

Navitas & KATEK Bring New GeneSiC Power Semiconductors

0
KATEK’s coolcept fleX family of Steca solar inverters aim to improve efficiency with GeneSiC power semiconductors Steca is a KATEK brand that develops...

Important Sectors

Foxconn Hires Former Nidec CEO As Strategy Chief For EVs

0
Foxconn Technology group's latest hire has decades of experience in the automotive industry with names such as Nissan and Dongfeng Motors in its portfolio. Foxconn...

Gautam Solar Finds New Space in Ministry’s Approved List

0
Gautam Solar’s 545 Wp series of 10BB mono solar panels are now part of the Approved List of Models and Manufacturers Its polycrystalline...

Digi-Key Launches Global Capability Center in Bengaluru

0
The facility, made with its support partner SMC Squared, will be an integral part of Digi-Key Electronics’ long-term strategy Leading electronic components distributor, Digi-Key Electronics...

Navitas & KATEK Bring New GeneSiC Power Semiconductors

0
KATEK’s coolcept fleX family of Steca solar inverters aim to improve efficiency with GeneSiC power semiconductors Steca is a KATEK brand that develops...
EV

onsemi & Volkswagen Join Hands For SiC Tech in Next-Gen EVs

0
The partners are developing a traction inverter solution for the OEM’s modular car platform for electric vehicles onsemi is providing VW with IGBTs,...

Manufacturing

Foxconn Hires Former Nidec CEO As Strategy Chief For EVs

0
Foxconn Technology group's latest hire has decades of experience in the automotive industry with names such as Nissan and Dongfeng Motors in its portfolio. Foxconn...
Bharat

Bharat Electronics Misses Profit Estimates For Q3

0
Bharat Electronics has declared an interim dividend of 60% payable to all the eligible shareholders holding shares as of the record date. Shares of Bharat...
Australia

Tesla To Invest $3.6B In Nevada Gigafactory

0
The latest investment by Tesla comes at a time when US automakers are heavily investing in electric vehicles and batteries. Tesla said that it would...
Piyush Goel

Apple To Raise India Production to 25%, Says Piyush Goyal

0
Apple currently manufactures iPhone 11, 12, 13 and 14 models at the Foxconn facility while iPhone SE and iPhone 12 are assembled at the...

Global Connector Maker Bel Fuse Appoints New Global Head of People

0
Bel Fuse said that the newly created position would empower the global connector maker in its cultural transformation journey.  Global connector manufacturer Bel Fuse Inc....