On Monday, May 14, 2012 (before the recall election) Governor Scott Walker proudly announced an investment in Plexus Corp. of Neenah, Wisconsin. He said that with the support of the Wisconsin Economic Development Corporation (WEDC), Plexus Corp. would create “up to 350 jobs in Neenah” and “reflect the positive direction Wisconsin is heading.” But today, July 26, 2012 (after the recall election) Plexus Corp. announced that it will lay off 116 workers.
Plexus Corp., Neenah, is planning to create up to 350 jobs related to the company’s decision to establish a state-of-the-art manufacturing facility in Neenah. The company is eligible for $15 million in enterprise zone tax credits through the Wisconsin Economic Development Corporation (WEDC).
“This is a tremendous job creation investment being made by Plexus Corp. with the support of the state and city of Neenah,” said Governor Scott Walker. “The decision by Plexus to do this major expansion and cement its operations in Neenah reflects the positive direction Wisconsin is heading.”
Plexus Corp.’s proposed 410,000 square foot manufacturing facility will be the showcase for U.S. operations and provide for the increased space needed for future manufacturing requirements. The facility will cement the Fox Cities as the company’s Americas Epicenter.
Plexus Corp. is a global leader in the highly competitive electronic manufacturing services (EMS) industry. Plexus integrates innovative product conceptualization, design, commercialization, manufacturing, fulfillment and sustaining services for its customers in global markets.
The tax credits will be distributed annually in direct relation to the number of jobs retained, new, full-time positions created and filled, and capital investment over a seven-year period.
And from JSOnline’s July 26 report:
Contract electronics manufacturer Plexus Corp. has laid off 116 employees in the Appleton area.
Half of the layoffs are full-time salaried employees and half are temporary workers.
Plexus reported strong third-quarter earnings last week. But the company made the layoffs this week in response to a decrease in customer orders.
Senior Vice President and Chief Financial Officer Ginger Jones tells the Post-Crescent that, while the layoffs are unfortunate, they are “a small percentage” of the company’s head count in the Fox Cities.
Jones says the local overall workforce is about 2,000. The layoffs were at one of the company’s two sites in the Appleton area, but Jones did not specify which.
The layoff did not require the company to file a notice with the state Department of Workforce Development.
Hmm…is this the direction in which Wisconsin is headed? It doesn’t seem very positive, no matter what Governor Walker said.
(HT Jeff Christensen)