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Jabil Circuit Inc. lays off 120 in St. Petersburg

Jabil Circuit Inc., one of the Tampa Bay area's largest high-tech employers, has laid off 120 employees from its St. Petersburg operation.

Jabil's business "naturally fluctuates with the business demands of our customers, many of whom have seen a downturn in their businesses,'' the company said in a statement.

The electronics manufacturing company employs 75,000 at more than 50 facilities in 22 countries. Nearly 1,900 workers are in Pinellas County, where Jabil has its headquarters and manufacturing plant.

Under a shroud of secrecy, Pinellas County and St. Petersburg officials in June approved millions of dollars in tax incentives to persuade Jabil to keep the company here.

Most of the $34.4-million incentive package will come from the state. The city will contribute $12.7-million and the county about $1.7-million in grants, tax refunds and new road and utility improvements benefitting Jabil.

Jabil Circuit Inc. lays off 120 in St. Petersburg 09/11/08 [Last modified: Thursday, September 11, 2008 3:31pm]
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