TITLE

NEC cuts 20,000 jobs, consolidates 6-inch lines

AUTHOR(S)
Deffree, Suzanne
PUB. DATE
February 2009
SOURCE
Electronic News (10616624);2/2/2009, Vol. 55 Issue 5, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the elimination of 20,000 jobs at NEC Corp. to save $889 million for the next two years. The Japanese electronics company came to the decision due to a massive quarter revenue loss in December 2008, with fiscal quarter three (Q3) lowered to $10.5 billion from $11.6 billion in the year-ago quarter and has substantially increased its loss. Moreover, the company also cuts its full fiscal year revenue to $46.7 billion from its previous forecast of $51.1 billion in sales.
ACCESSION #
36488422

 

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