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Description
Jabil is an American worldwide manufacturing services company. Headquartered in the Gateway area of St. Petersburg, Florida, it is one of the largest companies in the Tampa Bay area. Jabil has 100 plants in 30 countries, and 260,000 employees worldwide.
History
The company's name derives from the first names of James Golden and William (Bill) E. Morean, who together founded the company in 1966. Jabil was formally incorporated in Detroit in 1969. An early product was PCBs.
In the 1980s, the company was making parts for PC companies like Dell, and this continued through the mid 1990s.
The company went public in 1993. In 1998, Jabil began trading publicly on the New York Stock Exchange under ticker symbol JBL. The company was added to the S&P 500 Index in 2001. The company was moved from the S&P 500 Index to the S&P MidCap 400 Index in 2014.
On March 1, 2013, Jabil appointed William E. Peters as President and William D. Muir Jr. as Chief Operating Officers. Both had been with Jabil for more than 20 years. On the same day, Mark Mondello was appointed to CEO, replacing Timothy Main, who was elected Chairman of the Board of Directors. The appointments were sparked by the retirement of Board Chairman William D. Morean, the son of one of the Jabil founders.
The company reports on its website that it operates 90 plants in 23 different countries.
Jabil announced that it is closing its first European international plant in Livingston, UK in 2017. 266 employees will be losing their jobs in Livingston, Scotland. Jabil laid off approximately 400 people in Sept 2016, 100 of those being corporate employees located in St. Petersburg Florida.
