Kyocera to Outsource Production

Kyocera Corp. will from the end of the month start outsourcing production of mobile phones sold in the US market to Singaporean firm Flextronics International Ltd., the Nihon Keizai Shimbun reported, without identifying its sources. Earlier this year, Kyocera moved production of its phone handsets to Mexico from the US in a bid to improve profitability. But with the group handset business still suffering a 14.9 bn yen loss for the year ended 31 March, Kyocera decided to go one step further and move production to an outside company, the financial daily said. 

Kyocera plans to cut 1,700 jobs in the handset business as a whole during the current financial year, the report said. It will also standardize components and aim to lift global sales by 15 per cent to 15 mn units by strengthening its promotion program. Via: Forbes.