Feeds

15,000 jobs for the chop at Hitachi

Losses of $1.2 billion forecast

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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

Internet Security Threat Report 2014

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.