CTS to Cut 103 Jobs
ELKHART, Ind., Nov. 14, 2007 -- CTS Corp. announced this week it intends eliminate 103 jobs by the end of the year as part of a plan to realign some of its manufacturing operations.
CTS is based in Elkhart and manufactures electronic components and sensors used primarily in the automotive, communications, and computer industries. It also provides electronics manufacturing services (EMS) to OEMs in the automotive, computer, communications, medical, defense and aerospace, and industrial markets.
The company said it will realign manufacturing support functions at its locations that serve more than one business and will transfer certain production lines. CTS has operations in the US, Canada, Mexico, Thailand, the Czech Republic, Singapore, Scotland, and China and didn't specify where the jobs would be cut.
The restructuring will cost between $3 million and $3.5 million, with the majority that being severance pay, the company said. It expects $2.8 million of that to be paid in the fourth quarter of 2007.
For more information, visit: www.ctscorp.com
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