The losses forced the Japanese TDK cut eight thousand employees.

Japanese company TDK, which specializes in the production of media and electronic components, reducing the eight thousand people, reports Reuters. Basically dismissal affect foreign employees and relate to record losses TDK, noted AFP. In addition, TDK intends to close four factory abroad.
According to latest figures announced by the Japanese, for the fiscal year ending in March 2009, TDK net loss of about 28 billion yen (301 million dollars). First of all, the losses associated with the sharp yen appreciation, which has made exports less profitable. In addition, TDK effect and the deterioration of the global environment in relation to the financial crisis.
Applications from TDK was followed after the markets closed in Japan, so traders were not able to react to the news from the company. Nevertheless, and without this news, securities TDK fell by 7.9 percent during the day. The main Japanese stock index Nikkei-225 fell only 3.9 percent.
TDK was founded in 1935, but became known only after a few decades, thanks to the production of audio cassettes and CD-ROM drive. Now the company employs over 65 thousand people.