NEC, Hitachi, Sony, Toshiba

Japanese firms report huge losses and job cuts

By News on the Net —— Bio and Archives--January 30, 2009

American Politics, News | Comments | Back To Full Article

A number of Japanese companies have announced losses running into the equivalent of billions of euros, and large-scale job losses. Electronics giant NEC is cutting 20,000 jobs, while Hitachi is to shed 7,000 workers. On Thursday Sony and Toshiba also announced they were heading for huge losses.

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