Monday, June 18, 2012

Celestica, A Canadian Manufacturing Contract Company, Parts Ways With RIM

Celestica-LogoCanada-based Celestica announced plans today to "wind down" manufacturing services for Research in Motion over the next three to six months. More details will come next month during Celestica's second-quarter conference call, but this comes as a direct result of RIM's downturn. The two Canadian companies worked closely together in the past and Celestica is likely looking to sever ties before things get really ugly.

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