Loading...
LOADING
On midnight, 30th September 2017, JobOpenings.ph will be closing permanently, and you will not be able to access www.jobopenings.ph.
Thank you for using JobOpenings.ph and we look forward to continue serving your needs through our Jobstreet.com.ph platform.
Responsive image
Employment News

Another Firm to Shut Down Operations Leaving 1,000 Jobless


Date Posted: Jun 22, 2009
Another big Canadian firm will close down operations in Cebu as government announced last Friday.


Electronic firm, Celestica Philippines Inc. has informed the Mactan Economic Zone (MEZ) that they will shut down their plant effective by the end of August this year.


“They are shutting down their operation due to market forces,” said zone authority officials.


About 1,000 workers will loose their jobs as the company fail to bounce back due to global financial crisis. The company attempted to avoid layoffs by cutting down the working week down to four days; however the move is not enough.


Celestica is known for manufacturing telecommunication equipments and has been a major international company in Mactan for several years.


The company has been operating in Cebu since 1989 with the name NEC Technologies and later change to Celestica when it was acquired by Celestica Inc. in 2004.

Would you like to use this article in your e-zine, blog or website? You may do so as long as you acknowledge JobOpenings.ph as the source. Please inform us beforehand of your intention to republish the articles and provide the url address where the article will appear by dropping us a line at info@jobopenings.ph
Direct Feedback
We value your feedback, feel free to get in touch with us.

Name:

Email:

Mobile No.:

Issue:

 Report a Bug
 Feature Request
 Inquiry

Message:

Move sliders for red numbers: