NEC the latest to cut workforce / Ele...

NEC the latest to cut workforce / Electronics industry forced to eliminate tens of thousands of jobs

There are 1 comment on the Daily Yomiuri story from Jan 28, 2012, titled NEC the latest to cut workforce / Electronics industry forced to eliminate tens of thousands of jobs. In it, Daily Yomiuri reports that:

NEC Corp.'s announcement on Thursday that it would cut 10,000 jobs globally followed a decision by electronic parts maker TDK Corp. in October to slash 11,000 jobs, with both being examples of the tough decisions firms in the electronics industry are being forced to make.

Live Football Streaming: According to NEC's consolidated financial settlement for fiscal 2011 ending March 31, NEC expects a net loss of 100 billion yen, though it projected 15 billion yen in net profit in the forecast announced in October. NEC has projected after-tax losses for two consecutive periods.

Join the discussion below, or Read more at Daily Yomiuri.

Since: Jan 12

Fairfax, VA

#1 Jan 29, 2012
Those employees are not going to get the same discounts anymore. They should be shopping at

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