Article: PEMSTAR Announces Restructuring Programs to Save $5 Million Annually and Improve Productivity; Revises Guidance for Fiscal Second Quarter.

ROCHESTER, Minn. -- PEMSTAR Inc. (Nasdaq:PMTR), a leading provider of global engineering, product design, manufacturing and fulfillment services to technology, industrial and medical companies, announced today its intention to reduce its Americas region workforce and manufacturing capacity in order to enhance productivity and cut costs.

PEMSTAR will take restructuring charges for the fiscal 2005 second quarter ended September 30, 2004, of approximately $0.5 million. The company plans to consolidate certain of its operations in the Americas region. Specifically, PEMSTAR's three Midwest sites will be integrated into one virtual operational entity with shared general ...

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