Celestica

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Celestica

Type	{{{company_type}}}
Founded	1994
Headquarters	Toronto, Ontario
Key people	Stephen Delaney(CEO)
Industry	Electronics
Products	Computing, communications, aerospace and defence, consumer, industrial, automotive electronics
Revenue	$ 8.5 billion USD (2005)^[1]
Net income	(USD$42.8) million
Employees	almost 49,000^[2]
Parent	Onex Corporation
Website	www.celestica.com

Celestica Inc. (TSX: CLS.SV NYSE: CLS) is a world leader in the delivery of electronics manufacturing services (EMS). Celestica operates a global manufacturing network with operations in Asia, Europe and the Americas, providing a broad range of integrated services and solutions to leading OEMs (original equipment manufacturers).

1 History
2 Operations
3 Restructuring
4 Celestica Site located in Reynosa, Mexico
5 External links
6 References

[edit] History

Celestica was incorporated as a wholly owned subsidiary of IBM in January 1994. Onex Corporation acquired Celestica in October 1996 and controls approximately 80% of the company's voting shares.

[edit] Operations

Celestica’s global manufacturing network is comprised of more than 40 locations in the Americas, Europe and Asia. The company's global services include design and engineering, manufacturing and systems assembly, fulfillment and after-market services.

[edit] Restructuring

In recent years, Celestica has gone through five rounds of "restructuring" and has eliminated over 27,000 employees.^[3] In one of the most recent reorganizations in 2005, Celestica eliminated most internal IT operations and outsourced them to IBM India. Other changes include reductions in retirement benefits, and the elimination of some people from eligibility for its bonus payments. (Currently one must be employed when the bonus is paid out to receive it. Before this one only had to be employed up to the end of the fiscal year.)

Celestica is also a heavy user of Adecco manpower, moving away from full-time staff. This results in monetary savings by not having to pay benefits, etc. It also makes for a workforce more fitting the turbulent outlook Celestica has been facing.

[edit] Celestica Site located in Reynosa, Mexico

One of the leading facilities which manage After Market Services (CAMS) is the one located in Reynosa, Mexico, a city located in the northern state of Tamaulipas. This site offers after market services such as repair, refurbish and retesting of several products for several customers. The list of customers this site has Bussines Units (BU) include:
Motorola
Palm
RIM
Sun Microsystems
Lucent Technologies
HP
Avaya
Competition for this site, include Foxconn, Jabil Global Services, Teleplan, which all of them also have facilities in Reynosa.