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© pinonsky-dreamstime.com Components | February 07, 2013

Fujitsu to layoff 5'000 and transfer 4'500 employees

For the third quarter of fiscal 2012, Fujitsu recorded extraordinary losses stemming from restructuring expenses and other charges. And now, the company will reduce its workfore by 5000 employees.
Fujitsu announced its new policy of redoubling efforts to enhance operational efficiency, in addition to the company-wide cost reduction activities that it is currently undertaking. These efforts will work to promote the company's transformation toward stronger management fundamentals as the foundation for growth.

Company-wide Personnel Measures

Fujitsu will implement the following personnel measures in ccordance with its structural reforms, consulting with labor
unions as appropriate.
1) Reduction in workforce in and outside Japan by redeployment of human resources and reduction in the use of external resources (approximately 5,000 employees)
2) Transfer of employees along with the establishment of the new companies or the transfer of businesses (approximately 4,500 employees)
3) Emergency personnel measures (Reform policies/operational measures)

Streamlining Corporate Headquarters / Cost Reduction Activities

By raising efficiency through a reassessment of corporate headquarters functions, making reforms to business processes, and reducing outside expenses, Fujitsu plans to reduce corporate headquarters expenses and
streamline its corporate headquarters organization. In addition, it will step up its company-wide cost reduction activities.

Impact on Financial Results
The losses expected to be generated as a result of the implementation of the measures outlined in (1) above are factored into the consolidated financial projections for fiscal 2012 that were announced today.

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