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.