Littelfuse Inc., Des Plaines, Ill., plans to transfer its Chicago-area production and distribution operations to low-cost overseas sites.
The company expects to generate approximately $10 million in annual savings once the transition is completed.
Littelfuse said manufacturing operations in the Des Plaines facility will be moved to existing company locations in Mexico for automotive products and the Philippines for electronic products.
The company employs about 600 peo
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.