Friday, May 24, 2024
spot_img
HomeGADGETSELECTRONICSElectronics manufacturer Jabil will lay off 120 in Vancouver

Electronics manufacturer Jabil will lay off 120 in Vancouver

Electronics manufacturer Jabil plans to close its Vancouver site and lay off 120 employees in May.

The Florida company notified Washington officials of the pending layoffs Friday. Neither the state nor Jabil immediately responded to questions about the closure.

Last summer, Jabil announced plans to sell its mobile electronics manufacturing segment to a Chinese company called BYD Electronics for $2.2 billion. Jabil subsequently reported it would spend $300 million in restructuring the business, including an unspecified number of “headcount reductions.”

Jabil has a low profile in Vancouver, where it has operated in the Fisher’s Landing area along Southeast 34th Street. In a letter to the city about the layoffs Monday, the company said it first notified workers of the pending closure in December before sending them a written notice this month.

Clark County had an unemployment rate of 4.8% in December, according to the most recent Washington state data. That compares to a statewide jobless rate of 4.2%, and a national rate of 3.7%.

Mike Rogoway covers Oregon technology and the state economy. Reach him at mrogoway@oregonian.com or 503-294-7699

If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.

 

Post Disclaimer

The information provided in our posts or blogs are for educational and informative purposes only. We do not guarantee the accuracy, completeness or suitability of the information. We do not provide financial or investment advice. Readers should always seek professional advice before making any financial or investment decisions based on the information provided in our content. We will not be held responsible for any losses, damages or consequences that may arise from relying on the information provided in our content.

RELATED ARTICLES

Most Popular

Recent Comments

error: Content is protected !!