UPDATE 1-Celestica reports wider 4th-qtr net loss

(Adds details, previous SAN FRANCISCO; in U.S. dollars unless noted)

NEW YORK, Jan 30 (Reuters) - Canadian contract electronics maker Celestica Inc. (CLS.TO) posted a wider fourth-quarter loss on Tuesday, weighed down by restructuring charges and dwindling demand from telecom customers.

The company, which has been cutting jobs in an effort to improve profits, also said Chief Financial Officer Anthony Puppi plans to retire. It forecast a first-quarter loss and said it expects revenue to decline from the fourth quarter.

Celestica said its net loss rose to $60.8 million, or 27 cents per share, in the three months ended Dec. 31, from $28.2 million, or 12 cents per share, a year earlier.

Revenue rose 9 percent to $2.26 billion from $2.07 billion a year earlier.

Last month, Toronto-based Celestica slashed its revenue and earnings outlook, saying demand from several large customers had dropped and that inventory provisions had risen at a plant in Mexico.

The company said its results were "extremely disappointing even though its revenue was at the high end of estimates.

"The year to year growth in the consumer segment was offset by higher than expected demand reductions from several key customers in the telecommunications segment," Chief Executive Craig Muhlhauser said in a statement.

It forecast a first-quarter adjusted loss of $0.04 to $0.15 a share on revenue of $1.7 billion to $1.9 billion.

Celestica said that, because of its current outlook, it would reduce its costs globally and expects to take an additional $60 million to $80 million in charges, $40 million of which was recorded in the fourth quarter.

It said it expects the additional charges to be taken by the end of 2007.

The company said it that as of Dec. 31 it has recorded termination costs related to 6,900 employees. About 4,400 of these employees had been laid off by December and the remaining lay-offs should be expected by the end of 2007, it said. Puppi plans to continue to act as CFO until the company finds a replacement, Celestica said.

(Additional reporting by Michael Kahn in San Francisco)

((Reporting by Sinead Carew, editing by Gary Hill; Reuters Messaging: sinead.carew.reuters.com@reuters.net; +1 646-223-6186)) Keywords: CELESTICA RESULTS/

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