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10'000 to go at NEC
NEC will reduce headcount by 10'000, almost every 10th position.
NEC Corp announced in its latest fiscal report that it would cut 10'000 jobs worldwide: in Japan 7'000 positions (incl. external resources) will have to go, Overseas locations will see 3'000 job losses (in accordance with the review of manufacturing operations).
The Japanese company warned it would post a net loss of 100 billion yen for the year (ends: March 31, 2012). A stark difference to the forecast 15 billion yen in profit.
For the last quarter NEC posted a net loss of 87 billion yen.
The Japanese company warned it would post a net loss of 100 billion yen for the year (ends: March 31, 2012). A stark difference to the forecast 15 billion yen in profit.
For the last quarter NEC posted a net loss of 87 billion yen.
Frequency Electronics buys Elcom Technologies
Frequency Electronics has completed the purchase of all the capital stock of Elcom Technologies.
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