Valeo has announced a plan to create a partnership with Jabil for printed circuit board manufacturing. Valeo says that this is a further step in the Group’s strategy to become a leader in the design and development of electronics products and systems.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Within the partnership, Valeo will have a three year supply agreement with Jabil for a range of printed circuit boards. Based on 2001 volumes, the activity concerned represents around 350 million euros.
Within this partnership it is also planned that:
* Valeo Electronique will transfer its Meung-sur-Loire, France, facility (750 people) to Jabil. The employment contracts of all the personnel concerned will be taken over by Jabil, who intends to establish Meung-sur-Loire as its center of excellence for all automotive applications in Europe through bringing new expertise to the facility.
* Valeo Schalter und Sensoren GmbH will transfer to Jabil the printed circuit manufacturing part (200 people) of its Wemding, Germany, facility. The employment contracts of all the personnel concerned will be taken over by Jabil.
* Valeo Switches & Detection Systems Inc. will transfer production from its Fort Worth, Texas, USA, facility (100 people) to the Jabil facility in Chihuahua, Mexico, which will result in the closing of the Fort Worth facility.
* Valeo Electrical Systems Inc. (VESI) will transfer the printed circuit manufacturing part of its Juarez, Mexico, facility to the Jabil facility in Chihuahua, subject to court approval as part of its Chapter 11 restructuring.
This project has been submitted for consultation to the European Works Council, which will meet on 4 April, and will thereafter be discussed with local workers representatives.
