Flextronics to likely lay off 600 Israeli workers, Globes reports Electronics components maker Flextronics (FLEX) will probably lay off about 600 of its production workers at its factory in southern Israel, according to Globes. Flextronics will issue the pink slips because it hasn't been able to obtain a guarantee or credit insurance for its business with Israeli telecom equipment maker ECI, the publication explained. Reference Link
Flex authorizes $500M repurchase plan Flex announced that on August 20, the company received shareholder approval to purchase up to 20% of its outstanding shares. Additionally, the company's board of directors authorized management to purchase the company's shares in an aggregate amount of up to $500M.