Exhibit 99.1

                        Press Release dated June 6, 2002



                     IEC Announces Departure of CEO and CFO

                   New York Facility Undergoes Restructuring



     Newark, New York - June 6, 2002 - IEC Electronics Corp. (Nasdaq-SCM:  IECE)
announced today that it reduced its Newark,  New York workforce by 35 percent at
the end of May. Chief  Executive  Officer Thomas W. Lovelock and Chief Financial
Officer  Richard  L.  Weiss  have both left IEC,  electing  not to  continue  in
management of the downsized company.  Mr. Lovelock is available for consultation
with the Company through March 31, 2003.

     W. Barry  Gilbert,  Chairman of the Board has been  appointed  acting Chief
Executive  Officer and Bill R. Anderson,  Vice President and General Manager has
been appointed Chief Operating Officer.

     IEC's  Chairman  Barry  Gilbert  said,  "The  restructuring  has been  very
difficult,  in fact gut-wrenching,  for those personally involved.  The contract
electronics  manufacturing industry is recovering slower than we had anticipated
when we reduced  headcount  in March,  and in response we have had to reduce the
workforce in Newark to make it compatible  to the volume of current  business in
the facility.

     Gilbert continued, "This is a temporary workforce reduction and our goal is
to call back employees as sales  increase.  We have seen some improved  activity
from  our  industrial/instrumentation  customers,  and  are  encouraged  by  new
opportunities  that are turning up in that sector.  IEC greatly  appreciates the
loyalty its customers and employees have shown, and we are firmly  determined to
take the necessary steps to restore financial stability and profitability."

     Effective June 5, 2002 IEC's shares are being traded on The Nasdaq SmallCap
Market.

     IEC is a full service, ISO-9001 and 9002 registered,  contract manufacturer
employing   state-of-the-art   production   utilizing  both  surface  mount  and
pin-through-hole   technology.   IEC  offers  its  customers  a  wide  range  of
manufacturing and management services, on either a turnkey or consignment basis,
including  design  prototyping,  material  procurement  and control,  concurrent
engineering  services,  manufacturing and test engineering support,  statistical
quality assurance and complete resource  management.  Information  regarding IEC
can be found on its web page located at www.iec-electronics.com.

     The  foregoing,  including the  discussion  regarding the Company's  future
prospects,  contains certain  forward-looking  statements that involve risks and
uncertainties,  including  uncertainties  associated with economic conditions in
the electronics industry,  particularly in the principal industry sectors served
by the Company,  changes in customer  requirements and in the volume of sales to
principal  customers,   the  ability  of  the  Company  to  assimilate  acquired
businesses  and to  achieve  the  anticipated  benefits  of  such  acquisitions,
competition  and  technological  change,  the  ability of the Company to control
manufacturing  and operating costs, the successful  negotiation of extensions to
existing  financing or the negotiation of new financing on acceptable terms. The
Company's  actual  results of  operations  may differ  significantly  from those
contemplated by such  forward-looking  statements as a result of these and other
factors, including factors set forth in the Company's 2001 Annual Report on Form
10-K and in other filin gs with the Securities and Exchange Commission.

Contact:
Heather Keenan
Marketing Communications Specialist
IEC Electronics Corp.
(315) 332-4262
hkeenan@iec-electronics.com



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