Flextronics is a leader of the EMS (Electronic Manufacturing Services) industry. Every wellknown IT brand outsources production to a small group of giant manufacturing companies that are capable of managing the entire production process: everything from getting a project ready, to the delivery of the final product. The names of companies belonging to the EMS industry are little-known, as the EMS business model bars any connection to specific products.
While Flextronics International Ltd. originated in Silicon Valley, it is now registered in Singapore. It is listed on NASDAQ, hiring 225,000 (mostly low-cost) employees in 30 countries, and is the second largest EMS corporation behind Foxconn. The list of its clients includes Microsoft, Apple, Lenovo, LG, Toshiba, Nokia, Motorola, and Hewlett-Packard, among others. Flextronics grew from revenues of $ one billion in 1998 to $ 30 billion in 2011.
Like other EMS companies, Flextronics hires a great number of workers at peak times and
reduces employment when market demand falls. The EMS industry requires flexibility and constant cost-cutting. As a result, many people work on low-wage, short-term contracts (often signed with temp agencies), with little or no job security.
Investor information correct as at publication of Dirty Profits 1, December 2012.
Shareholders according to morningstar
Investmentfunds according to onvista