Tuesday July 05, 2005

Sanyo to cut over 14000 jobs

business-times.asia1.com.sg :

Japanese electronics maker Sanyo said on Tuesday it will cut 15 per cent of its workforce or more than 14,000 jobs in the next three years in a bid to return to profit. Sanyo said in a statement it will 'reduce worldwide employment by 15 per cent' by the end of the fiscal year to March 2008. Currently the company has some 96,000 employees ...

Sanyo has seen its profits slide due to intense competition in digital cameras and suffered damage to its chip-making plant in an earthquake last October in central Niigata province.

- and thus the casualties mount ...

See also :

1. GM to cut 25000 jobs in U.S. by 2008
2. IBM to axe 13000 staff
3. Maxtor chops 5500 in Singapore

(2005-07-05 22:06:05 SGT) [Biz] Permalink

Most popular blog postings on lowem.log :

1. Singapore MRT rail network length to double by 2020
2. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
3. Live spot gold price quotes chart on COMEX
4. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
5. AVG Anti-Virus Free Edition 2011 direct download link
6. Real-time live gold and silver price quotes chart on COMEX
7. Singapore electric vehicles : Government agencies EMA and LTA to study EV introduction
8. Book review : Shut Down by William Flynn

Featured articles on lowem.log :

1. Book review : Shut Down by William Flynn
2. Singapore electric cars testing starts with 9 electric vehicles
3. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
4. 2010 Honda Civic Hybrid preliminary specifications released
5. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
6. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore : Nuclear power not ruled out