Livingston, Scotland - November 24, 2015 - Plexus Corp. (NASDAQ: PLXS) has announced its intention to reduce capacity at its 47,000 sq. ft. Livingston manufacturing site. This reduction will be limited to the volume manufacturing capabilities located in the Pyramids Business Park. Plexus will maintain its rapid prototyping capabilities, Livingston Design Centre and European leadership team offices which are also based within the Pyramids Business Park site.
Oliver Mihm, Plexus Regional President in EMEA says "We take this measure reluctantly as it will affect approximately 50 of our loyal and hardworking employees. However, changing end market dynamics, particularly within the oil and gas industry, have required us to reduce our UK capacity to match customer demand. Many of the customer programmes currently supported by the Livingston manufacturing operations will be transferred to our Kelso manufacturing facility."
Mihm continued, "Plexus remains committed to its presence in Scotland. Our Livingston Design Centre is a significant success story that is complimented by our European centre of excellence for rapid prototyping within the Livingston site. Having these capabilities in close proximity to one another will continue to enable our customers' to meet their product realization needs."
The manufacturing capacity reduction is expected to be complete by the end of Plexus' fiscal second quarter in February 2016. Once fully implemented, these actions are expected to generate between $1.25 and $1.7 million dollars in annual savings.
Market Communications Specialist - EMEA
+44 (0) 1506 425482
Juliet Phillip/Bianca Huebner
+44 (0) 208 408 8000
About Plexus Corp. – The Product Realization Company
Plexus (www.plexus.com) delivers optimized Product Realization solutions through a unique Product Realization Value Stream service model. This customer-focused services model seamlessly integrates innovative product conceptualization, design, commercialization, manufacturing, fulfillment and sustaining services to deliver comprehensive end-to-end solutions for customers in the America, European and Asia-Pacific regions.
Plexus is the industry leader in servicing mid-to-low volume, higher complexity customer programs characterized by unique flexibility, technology, quality and regulatory requirements. Award-winning customer service is provided to over 140 branded product companies in the Networking/Communications, Healthcare/Life Sciences, Industrial/Commercial and Defense/Security/Aerospace market sectors.