Celestica two wind down manufacturing services for RIM over near 6 months
June 18, 2012 - 8:43 AM
TORONTO - Celestica Inc. (TSX:CLS) says it plans to wind down its manufacturing services for Research in Motion (TSX:RIM) over the next three to six months.
Celestica says it has been working closely with RIM as the troubled BlackBerry maker assesses its supply chain strategy.
And it says it plans to continue to do so during the transition period.
Celestica did not provide further details, saying those would come when it releases second-quarter results on Friday.
However, the company said that prior to any recoveries, its restructuring charges would not exceed US$35 million.
News from © The Canadian Press, 2012