NEC and Hitachi will reduce 27 thousand people.

KommentariiOdnim mahom27.01.2009Za day worldwide company laid off 85 thousand people the Japanese NEC Corporation intends to March 2010, the dismissal of 20 thousand employees around the world, transmits AFP. Forty per cent of the reductions will be in Japan. NEC expects that the net loss in the fiscal year ending in March 2009, amount to 3,2 billion dollars. Financial performance of
Another Japanese corporation, Hitachi, is going to reduce the strength of seven thousand people. In 2009, the company forecast its net loss will be 7.8 billion dollars.
The third corporation, Fujitsu, announced that from March to December 2008 its net loss amounted to 403 million dollars. Representatives of Fujitsu believes that financial year the company will be profitable.
The Japanese economy is experiencing the first recession for the past seven years. Its cause is the drop in foreign demand for cars, computers, photo and video cameras and other products are important exports.