Feeds

15,000 jobs for the chop at Hitachi

Losses of $1.2 billion forecast

  • alert
  • submit to reddit

The essential guide to IT transformation

Around 15,000 jobs are for the chop at Hitachi after the Japanese manufacturer warned losses for the financial year would top $1 billion.

The company said today it would axe 10,200 jobs in Japan, and 4,500 overseas by March 2002.

The cuts, which represent around 4.5 per cent of Hitachi's global workforce, will mainly effect its semiconductor and display divisions.

The company also warned it expected to record a net loss of 140 billion yen ($1.2 billion), including restructuring costs of 80 billion yen, for the year ending March 2002.

Sales are forecast to fall ten per cent to 7.9 trillion yen for the year - down from the previous estimate of 8.8 trillion yen.

Meanwhile, Kyocera and Fujitsu also plan to reduce staff numbers. Kyocera has issued a profit warning and yesterday said it would reduce staff numbers by 10,000 at its overseas subsidiaries by the end of the year. Fujitsu aims to axe around 16,000 jobs worldwide. ®

Related Stories

Fujitsu to chop 16,000 jobs worldwide
AOL bins 1700 jobs
Job losses may follow Toshiba DRAM output costs

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.