i3 Electronics Announces Changes in Operations
An Endicott-based company says it plans to create what it calls a "more cost-effective footprint for its operations." The firm also says it intends to add workers following a "strategic turnaround" effort.
i3 Electronics has announced it is in the process of hiring people, including employees for leadership positions.
The company was created after Endicott Interconnect Technologies filed for bankruptcy in 2013. The sale to i3 Electronics was completed 16 months ago.
i3 Electronics also announced the departure of Robert Nead, who had been the company president. James Matthews Jr., the chief executive officer of i3 Electronics, now also will serve as president.
The company also announced it has hired Dale Kersten to serve as executive vice president and chief business officer. Kersten previously worked for Sanmina, another electronics manufacturer.
i3 Electronics also announced it intends to take steps to consolidate space as well as reduce energy and operational costs.
Company officials were not available to elaborate on their short-term and long-term plans.
Endicott Interconnect Technologies was formed in 2002 with 2,000 employees when IBM sold its microelectronics unit in a state-financed deal. The company reported its workforce had dropped to 575 by June 2013.
i3 Electronics officials have announced how many people work for the company.