The company that bought Tyco Printed Circuit Group in 2006, TTM Technologies Inc., is shifting some work from plants it is closing in California to its Stafford plant, company officials said.
But the California-based company did not say whether TTM will recall any of the workers laid off there in January.
TTM, which also has a plant in Enfield, plans to close its Hayward, Calif., and Los Angeles plants due to continued weak demand for commercial printed circuit boards and backplane products, TTM CEO Kent Alder said.
Circuit board backplane assembly services will be transferred from the Hayward plant to assembly plants in Shanghai, China, and Stafford, Alder said.
TTM also will transfer some printed circuit board production from the Los Angeles plant to its other factories in California, Utah, and Wisconsin, he said.
The two closings will result in 347 layoffs, representing about 11 percent of TTM’s work force, Alder said. TTM will offer separation and other benefits to the laid-off employees.
“This is a very unfortunate but necessary decision based on the prospects of long-term weaker demand for these products,” Alder said.
The company expects to record between $11 million and $14 million in separation, asset impairment, and disposal costs related to the restructuring, primarily in the third quarter, according to Alder. On the flip side, TTM expects to realize annual cost savings of about $14 million, he said.
Seventy workers were laid off at the Stafford plant in January, among 569 workers who lost their jobs throughout the company. No workers were laid off in Enfield. The Stafford and Enfield plants have a combined 300 workers.
TTM bought the Tyco Printed Circuit Group in 2006 for $226 million in cash.
In May, TTM closed a plant in Redmond, Wash., and Alder said that work would be shifted to other plants.
TTM bills itself as North America’s largest printed circuit board manufacturer.
