Standard of Excellence: Anticipating Customer Needs Early and Often
The Knowledge Base: At the Forefront of Electronics Manufacturing
Global Citizenship: Training the Next Generation of Talent
IEC to Cut 73 Jobs in Newark Facility
October 17, 2016 | IEC Electronics Corp.Estimated reading time: Less than a minute
IEC Electronics Corp. has confirmed a workforce reduction of approximately 73 full time employees at its Newark, New York facility.
"We continue to proactively manage our expense structure as we move through the turnaround. As an outsourced contract manufacturer, our workforce needs fluctuate commensurate with the demands of customer programs," said Jeffrey T. Schlarbaum, president and CEO of IEC Electronics. "To that end, we have seen a softening in our near term backlog as we look into early fiscal 2017, and have taken proactive steps to align our cost structure with a workforce reduction at our Newark, New York facility."
He said he remains confident about the long term prospects of the company and look forward to providing a further update in mid-December when they announce their fourth quarter and fiscal year-end financial results.
Share on:
Suggested Items
Real Time with... IPC APEX EXPO 2025: Tariffs and Supply Chains in U.S. Electronics Manufacturing
04/01/2025 | Real Time with...IPC APEX EXPOChris Mitchell, VP of Global Government Relations for IPC, discusses IPC's concerns about tariffs on copper and their impact on U.S. electronics manufacturing. He emphasizes the complexity of supply chains and the need for policymakers to understand their effects.
Do You Have X-ray Vision? SMT007 Magazine April Issue Is No Joke
04/01/2025 | I-Connect007 Editorial TeamAs component packaging continues to evolve, the capability of inspecting through components is crucial. Has X-ray’s time finally come in electronics manufacturing? Join us in this issue of SMT007 Magazine, where we answer this question—and others—to bring more efficiency to your bottom line.
IPC APEX EXPO 2025: We’ve Got It Covered
04/01/2025 | I-Connect007 Editorial TeamIPC APEX EXPO is the largest electronics manufacturing trade show in North America, bringing together professionals from all sectors of the supply chain to educate, network, and share their products and services. We’ve put all our coverage of the show in one easy-to-find location. Just click on “Videos,” “Show Coverage” and “Photos” to find what you’re looking for. Check back regularly as more content is added. You won’t want to miss any of our unique coverage.
Zenaida Valianu, IPC, Earns IPC Excellence in Education Award at IPC APEX EXPO 2025
03/31/2025 | IPCThe IPC Excellence in Education award was presented to Zenaida (Zenny) Valianu, IPC, at IPC APEX EXPO 2025, recognizing her significant contributions to workforce development and leadership.
TTCI and TTC-LLC to Exhibit and Sponsor at SMTA Tech & Expo Forums in Dallas and Houston
03/27/2025 | The Test Connection Inc.The Test Connection Inc. (TTCI), a leading provider of electronic test and manufacturing solutions, and The Training Connection LLC (TTC-LLC) are proud to announce their participation as exhibitors and sponsors at the upcoming Dallas SMTA Tech & Expo Forum on April 1, 2025.