Hitachi makes huge lay-offs
Japanese firm bites bullet with ten per cent layoffs
Hitachi has made an executive decision to lay off ten per cent of its staff worldwide, according to London evening newspaper The Standard. The decision will be welcomed by Hitachi's investors but is unlikely to be received well at home. Hitachi is one of Japan's biggest employers, along with Fujitsu and Mitsubishi. The brave decision will not be received very well back in Japan. It could have a domino effect on other majors, which may well make similar layoffs, now the first domino has toppled. No-one from Hitachi UK was available for comment at press time. ®
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