Flex says China jobs impacted after Huawei row [Reuters]
Flex Ltd. - Ordinary Shares (FLEX)
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Source: Reuters
Flex says China jobs impacted after Huawei row - Reuters 2 Min Read HONG KONG (Reuters) - Flex Ltd ( FLEX.O ), a contract manufacturer for Huawei that is locked in a dispute with the Chinese tech giant over about $100 million worth of assets, said the market situation was affecting some of its jobs in the Asian nation. Chinese financial magazine Caixin reported late on Sunday that some 10,000 Flex jobs in China were expected to be cut as two major factories in Changsha and Zhuhai had stopped work due to its row with Huawei. While declining to comment on the report, a Flex spokesman said “after careful review of the market situation and customer need, we are offering impacted employees job opportunities within Flex Zhuhai Industrial Park and other Flex locations”. He declined to say how many employees had been affected but denied it was a layoff. A Flex source said the firm employs some 50,000 people in China, with Zhuhai being its largest base. Huawei last month said Flex had withhe
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FLEX
News
- Flex Ltd. (NASDAQ: FLEX) had its price target raised by analysts at Barclays PLC from $30.00 to $34.00. They now have an "overweight" rating on the stock.MarketBeat
- Flex Ltd. (NASDAQ: FLEX) was downgraded by analysts at Craig Hallum from a "buy" rating to a "hold" rating. They now have a $27.00 price target on the stock.MarketBeat
- FLEX ANNOUNCES UPCOMING CHANGES TO ITS BOARD OF DIRECTORS [Yahoo! Finance]Yahoo! Finance
- Flex beats top-line and bottom-line estimates; initiates Q1 and FY25 outlook [Seeking Alpha]Seeking Alpha
- FLEX ANNOUNCES UPCOMING CHANGES TO ITS BOARD OF DIRECTORSPR Newswire
FLEX
Earnings
- 5/1/24 - Beat
FLEX
Sec Filings
- 5/7/24 - Form 144
- 5/1/24 - Form 8-K
- 4/16/24 - Form 4
- FLEX's page on the SEC website