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Jabil Circuit laying off 90 workers in St. Petersburg

Jabil Circuit confirmed Friday that it is laying off about 90 workers in its St. Petersburg manufacturing operation.

The St. Petersburg-based electronics manufacturer, which relies on a global network of plants outside the country for the bulk of its production, said the cutbacks were due to "the changing needs of our customers' product demand."

"We do believe this will be a short-term situation and the health of our overall business remains solid," spokeswoman Beth Walters said in an e-mail response.

Before the onset of the recession, Jabil had planned to invest $50 million in building a new world headquarters and a new manufacturing plant in St. Petersburg, creating 858 additional jobs. In return for the investment, the company would have been eligible for nearly $35 million in economic incentives from the state, Pinellas County and St. Petersburg.

However, Jabil cut nearly 400 local employees in separate layoffs in 2008, trimming its St. Petersburg work force to about 1,800. In 2009, the expansion project was put on hold.

Globally, Jabil has about 100,000 employees in 22 countries. Last year, it posted revenues of $13.4 billion.

Jabil Circuit laying off 90 workers in St. Petersburg 03/04/11 [Last modified: Friday, March 4, 2011 9:00pm]
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