NEC cuts 20,000 jobs

Nibble The first cut is the deepest

By Nick Farrell

Mon Feb 02 2009, 11:22

JAPANESE electronics giant NEC is to hand more than 20,000 workers their pink slips and P45s in a desperate bid to stop haemorrhaging cash.

The outfit has reported a net loss for October-December of $1.46 billion. Tokyo-based NEC said it would sink into the red for the full year through March as well. µ

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wow

ops...it real right..

posted by : DrDoom, 02 February 2009 Complain about this comment

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NEC cuts 20,000 jobs

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