Solectron closes in NSW
Solectron is to close its manufacturing plant in Sydney in 2002, laying off 490 people.
The decision follows the closure of its other Australian manufacturing plant in Victoria, which meant 220 people lost their jobs.
"Unfortunately we cannot escape the reality of the effects of the economic slowdown," said Johnny Ong, Solectron's general manager of manufacturing operations. "This is not a reflection on how our people have performed. We will do our best to help them through this difficult period and to find new jobs."
The repair and refurbishment business will remain in operation, it employs around 70 people.
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